Uganda
Praise Group
With a loan of EUR 23,850 the 11 members of the Praise Group will be able to expand and improve their trading businesses.
€23,850
Amount
3.50%
Interest
6 months
Maturity
6 months
Repayments
EUR
CurrencyAmount | €23,850 |
Interest | 3.50% |
Maturity | 6 months |
Repayments | 6 months |
Currency | EUR |
Fully funded in 10 days on 30 September 2019.
The project
Praise Group is found in Kakoba Central , Mbarara district located in western region of Uganda. The group was formed in 2004, it comprieses of 11 members who are retail traders.
Their need for the loan is to increase working capital in their businesses and enable them upgrade to wholesale trade.
Local partner OBUL will provide the loan.
Company name | Opportunity Bank |
CEO | Mary Kanyesigye |
Founded | 2004-06-07 |
Location | Mbarara |
Sector | Wholesale / Retail |
Turnover | €143,160 |
Employees | 11 |
Impact
There is currently no information available for this section. Check the Summary tab for more details.
- With this investment 4 jobs are created
- With this investment 20 lives are improved
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We have already contributed to Praise Group
Dirk Rentmeester
Ron van Eijk
rits dijkstra
Judith Janssen
Jan de Wit
+ and another
58
investors