Uganda
Akanabaala Group
With a loan of EUR 61,700 the 25 members of the Akanabaala Group will be able to expand their farms, shops and market venues.
€61,700
Amount
3.50%
Interest
6 months
Maturity
6 months
Repayments
EUR
CurrencyAmount | €61,700 |
Interest | 3.50% |
Maturity | 6 months |
Repayments | 6 months |
Currency | EUR |
Fully funded in 1 hour on 1 November 2019.
The project
Akanabaala Group is found in Buwenda, Jinja District in Eastern Uganda.The group was formed in 2004, it comprises of 25 members who are farmers, retail traders, market vendors and service providers.
The members started by getting UGX500,000 as their initial loan and now they get up to a tune of UGX5,000,000. This is an indication of a growing business. Their need for the loan is to improve and expand their businesses.
Local partner Opportunity Bank will provide the loan.
Company name | Opportunity Bank |
CEO | Christopher Laasa |
Founded | 2004-06-07 |
Location | Buwenda, Jinja District |
Sector | Wholesale / Retail |
Turnover | €148,126 |
Employees | 25 |
Impact
There is currently no information available for this section. Check the Summary tab for more details.
- With this investment 10 jobs are created
- With this investment 50 lives are improved
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We have already contributed to Akanabaala Group
Jan Okken
Marco Mansveld
Albert Stoter
Lot Hagenaars
Arno van Haren
+ and another
121
investors