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funding gap emerging markets
Uganda

Buwenda Mataala Group

  • Opportunity Bank
  • Invest in microfinance
  • + 70 other investors

    • With a loan of EUR 24,700 the 10 members of the Buwenda Mataala Group will be able to settle as a market vendor.

    €24,700
    Amount
    3.50%
    Interest
    6 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€24,700
    Interest3.50%
    Maturity6 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 1 hour on 1 November 2019.

      The project

      Buwenda Mataala Group is a group found in Jinja, located in eastern Uganda. Buwenda Mataala is one of the oldest group that was formed in 2000. It comprises of 10 members. The members are mainly retail traders and market vendors.

      Their need for the loan is to enable them to expand their businesses and to enable the market vendors to settle other than moving from market to market. 

      Local partner OBUL will provide the loan.

      Company nameOpportunity Bank
      CEOAlima Mutagaya
      Founded2019-10-14
      LocationJinja District
      SectorWholesale / Retail
      Turnover€123,438
      Employees10

      Impact

      There is currently no information available for this section. Check the Summary tab for more details.

      • With this investment 5 jobs are created
      • With this investment 25 lives are improved

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      We have already contributed to Buwenda Mataala Group

      Marc Sierink
      Marco Mansveld
      Ron van Eijk
      Jan de Wit
      Lot Hagenaars
      + and another
      70
      investors