Divine Group

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Ouganda

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

Montant

4,00%

Intérêt

12 mois

Maturité

6 mois

Remboursements

EUR

Devise

Montant	€72 950
Intérêt	4,00%
Maturité	12 mois
Remboursements	6 mois
Devise	EUR

100%

Entièrement financé en 7 heures sur 15 Juin 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)

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.

Nom de l’entreprise	Opportunity Bank
PDG	Victor Asio
Création	2019-01-03
Lieu	Obuku, Soroti District
Secteur	Commerce de gros / Commerce de détail
Chiffre d'affaires	€145 914
Employés	25