Divine Group

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Uganda

Divine Group

Opportunity Bank

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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

Importe

4.00%

Interés

12 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€72,950
Interés	4.00%
Vencimiento	12 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 7 horasen 15 Junio 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)

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.

Nombre de la empresa	Opportunity Bank
Director general	Victor Asio
Fundado	2019-01-03
Ubicación	Obuku, Soroti District
Sector	Mayorista / Minorista
Volumen de negocio	€145,914
Empleados	25