Uganda
Kwagala Bus Park Group
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
Amount
4.00%
Interest
12 months
Maturity
6 months
Repayments
EUR
CurrencyAmount | €24,300 |
Interest | 4.00% |
Maturity | 12 months |
Repayments | 6 months |
Currency | EUR |
Fully funded in 23 hours on 25 April 2020.
The project
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.
Company name | Opportunity Bank |
CEO | Betty Aliwuya |
Founded | 2016-01-04 |
Location | Jinja |
Sector | Wholesale / Retail |
Turnover | €121,595 |
Employees | 12 |
Impact
There is currently no information available for this section. Check the Summary tab for more details.
- With this investment 3 jobs are created
- With this investment 60 lives are improved
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We have already contributed to Kwagala Bus Park Group
Jan de Wit
Manfred Jansen
Eliza Luszczewska
Jan van Munster
Aad Smits
+ and another
102
investors