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)

Favour Group is located in Lusanja Area Farm, Wakiso District in central Uganda. The group was formed in 2018. It comprises of 20 members are mostly service providers owning salons and restaurants, others are retail traders and food processors. This loan will enable them upgrade and expand their businesses hence improving their standard of living.