Good Samaritan Group

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Ouganda

Good Samaritan Group

Opportunity Bank

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With a loan of EUR 60,800 Opportuntiy Bank Uganda will be able to provide working capital to the 20 members of Good Samaritan Group, so they can by more farm inputs.

€60 800

Montant

4,00%

Intérêt

12 mois

Maturité

6 mois

Remboursements

EUR

Devise

Montant	€60 800
Intérêt	4,00%
Maturité	12 mois
Remboursements	6 mois
Devise	EUR

100%

Entièrement financé en 23 heures sur 25 Avril 2020.

Le projet

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)

Good Samaritan Group is located in Bugembe, Jinja District in eastern Uganda. The group was formed in 2017. It comprises of 20 members who are mostly farmers and most of them work with Good Samaritan fundation an NGO for the needy.Their need for this loan is to enable them to increase their working capital and buy farm inputs. This will enable them improve their farm yields and their standard of living.