Industry: Financial Services
SIC Code: 73890900 FINANCIAL SERVICES
Country of Origin: Uganda |
Target Areas: Worldwide
Microfinance company duly incorporated in Uganda and licensed by the Central Bank is seeking equity financing to expand its business in Uganda - the required amount is between US$ 5 million and US$ 10 million.
It’s a growing business having started in 2016. It has an experienced management team that possesses banking experience with each member of the team has worked in the mainstream banking environment. This team understands the environment and is capable of driving the business to further growth and stability.
The financial institution projects to have a 30 per cent increase per annum in the number of its prospective customers to 1,856 within the next 2-5 years with a loan portfolio of Uganda Shillings 10 Billion (an equivalent of US$ 2,666,670). In addition, it plans to open up sub-branches in the entire country. Through this, more savings are expected to be mobilized together with increased loan disbursements.
The financial institution enhanced it’s paid-up share capital from Uganda Shillings 1billion (an equivalent of US$ 266,667) in 2016 to Uganda Shillings 2.5billion (an equivalent of US$ 666,667) in 2018 and the asset book grew from Uganda Shillings 3.58billion (an equivalent of US$ 954,667) in 2016 to Uganda Shillings 4.81billion (an equivalent of US& 1,282,667) in 2017.
Its loan portfolio stands at Uganda shillings 1.8 billion (Approx. US$498.753) and over 1000 depositors with total deposits of Uganda shillings 1.6 billion(approx. US$484.899).
Capital required: USD 5 to 10 Million Euro
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