Uganda
Divine Group
With a loan of EUR 72,950 Opportunity Bank Uganda will be able to provide working capital to the 25 members of Devine Group, so they can by more farm inputs.
€72,950
Amount
4.00%
Interest
12 months
Maturity
6 months
Repayments
EUR
CurrencyAmount | €72,950 |
Interest | 4.00% |
Maturity | 12 months |
Repayments | 6 months |
Currency | EUR |
Fully funded in 7 hours on 15 June 2020.
The project
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)
Divine Group is located in Obuku trading center Soroti District in eastern Uganda. The group was formed in 2018. It comprises of 25 members who are mostly retail traders and farmers.Their need for the loan is to enable them expand their businesses and to purchase more land for farming and farm inputs.
Company name | Opportunity Bank |
CEO | Victor Asio |
Founded | 2019-01-03 |
Location | Obuku, Soroti District |
Sector | Wholesale / Retail |
Turnover | €145,914 |
Employees | 25 |
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 125 lives are improved
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We have already contributed to Divine Group
Jos Schreur
Madelien van Manen
Piet van der Kooi
Diana Bovens
Ruurd Kamphuis
+ and another
180
investors