Ending 2021 Strong: Tugende Closes $17M in Additional Debt Investment
The new investments include a $5M local currency facility for Uganda from Nordic Microfinance Initiative (NMI), $6M from existing lender Symbiotics, and $1M from crowdfunding platform Lendahand, all to support growth in Uganda.
Opportunity International and Oikocredit Announce $100 Million Impact Investment Agreement to Advance the Education Sector in Low-income Countries
Opportunity International and Oikocredit will mobilize the funds over the next three years with an initial, near-term focus on Ghana, Kenya, Nigeria, Senegal, and Uganda.
Quest Digital Finance Connects the Unbanked to Formal Credit Systems
Quest Digital Finance, a Ugandan tech company, is placing the power of banking and service delivery in the palms of the farmers and entrepreneurs using its digital platforms.
Opportunity International Awarded $2 Million Grant From Visa Foundation to Remove Barriers and Unlock Capital to Women-Led Business
The grant will allow Opportunity International to provide micro and small business loans, digital tools and specialized technical training to women-led small- and micro businesses in the Democratic Republic of the Congo (DRC), Ghana, Nigeria and Uganda.
VisionFund International Brings Financial Inclusion to Refugees in West Nile Settlements
VisionFund plans to bring financial services to the refugees at scale and will open three more branches in 2020 with the second branch planned in Yumbe district to serve both Yumbe town as well as the Bidibidi settlement, one of the largest refugee settlements in the world.
Fintech Credit Provider 4G Capital Adjusts Business Operations to Cope with Coronavirus Outbreak
Fintech credit provider 4G Capital, a firm that supports individuals and companies across Africa, has introduced operational and services updates for its business operations across Kenya and Uganda.
COVID-19: 97 Percent of Small-Scale Farmers in Uganda Register a Decline in Earnings
New research released by Heifer International revealed 97 percent of smallholder farmers in Uganda have seen their income drop since the beginning of the COVID-19 pandemic,
United Nations Federal Credit Union Partners With Thunes for Mobile Money Transfers
The collaboration enables UNFCU members to transfer money to mobile wallets in select countries in local currencies.
FINCA Expands Microfinance Fintech in Uganda, Azerbaijan, Kyrgyzstan
FINCA Impact Finance, a US-based network of financial institutions, recently carried out several campaigns catering to low-income people through its affiliates in Africa and Asia.
VisionFund Reports Resilience in Refugee Finance in the Face of COVID-19
In 2020, savings groups in refugee contexts have had the lowest late repayment rate compared to any of the other clients served by VisionFund Uganda.