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funding gap emerging markets
Uganda

Wairaka A Group

  • Opportunity Bank
  • Invest in a Financial Institution
  • + 152 other investors
  • With a loan of EUR 48,650 Opportunity Bank Uganda can provide working capital to the 20 members of the Wairaka A Group. These traders would like to turn their companies in a wholesale company.

    €48,650
    Amount
    4.00%
    Interest
    12 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€48,650
    Interest4.00%
    Maturity12 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 2 hours on 22 April 2020.

      Summary

      Warning

      In the coming period there are different conditions for this partner. More information can be found here.

      • The interest rate has been temporarily increased by 0,5 percentage point to accommodate the growing uncertainty associated with COVID-19.
      • In addition, this investee is allowed - provided they continue to comply with the applicable covenants - to refinance future repayments to Lendahand investors with the funds raised from this project.
      • Repayments occur after 12 months, not after 6 months (grace period).

      Information document issuing entity (NL)

      Information note issuing entity (BE)

      Wairaka A Group is found in Wairaka trading center located  in Jinja District, eastern Uganda. The group was formed in 2017, it comprises of 20 members. The members are mostly traders and market vendors who move from market to market selling their merchandise. This new loan will elevate them from retail traders to wholesale traders.

      Company nameWairaka A Group
      CEOAnnet Namulondo
      Founded2017-06-01
      LocationJinja District
      SectorWholesale / Retail
      Turnover€145,914
      Employees20

      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 100 lives are improved

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      We have already contributed to Wairaka A Group

      Gert Mosterd
      Han de Haas
      Henk Enserink
      Jan van Munster
      Frans Eijsermans
      + and another
      152
      investors