Kwagala Bus Park Group

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Uganda

Kwagala Bus Park Group

Opportunity Bank

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With a loan of EUR 24,300 the 12 members of the Kwagala Bus Park Group will be able to buy more farm inputs for their farms.

€24,300

Importe

4.00%

Interés

12 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€24,300
Interés	4.00%
Vencimiento	12 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 23 horasen 25 Abril 2020.

El proyecto

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)

Kwagala Bus Park Group is founded in Jinja District located in eastern Uganda. It was formed in 2016. The group comprises of 12 members who are mainly farmers. Their need for this loan is to increase their working capital and enable the farmers to buy farm inputs for their farm.

Nombre de la empresa	Opportunity Bank
Director general	Betty Aliwuya
Fundado	2016-01-04
Ubicación	Jinja
Sector	Mayorista / Minorista
Volumen de negocio	€121,595
Empleados	12