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Uganda

Financial Services Provider

Eric M.

Eric M. founded the company in 2024, after he had already built it up informally and recognized its growth potential. By formally establishing the company, he laid the foundation for its structured and long-term development.

To be closer to his customers and benefit from increased foot traffic, he moved the business to a busier location. This decision underscores his market-oriented approach and his focus on good accessibility.

Eric understands the challenges faced by informal businesses, particularly limited access to financing, a lack of reserves, and a lack of financial knowledge. His approach therefore combines the provision of capital with close and personalized customer support.

He is currently focused on gaining more experience, improving processes, and establishing a sustainable growth model. The company is financed through debt from friends and larger companies, while at the same time seeking additional investment opportunities.

Project ID

UG010

Country / City

Uganda / Kampala

Jobs at the start

additional potential jobs

Project description

The company primarily supports informal businesses and merchants who lack sufficient access to working capital. It offers short-term, secured loans as well as currency exchange services. Collateral and guarantors are required for loans.

A key feature of the business model is providing close support to clients. The team visits companies on-site, maintains regular contact with them, and builds long-term client relationships. The goal is to stabilize clients’ business operations while simultaneously strengthening their financial discipline and knowledge.

The company is in an early stage of growth and currently employs four people. Its operations are still very labor-intensive. The company plans to gradually expand its team, improve internal processes, and open additional branches in high-traffic locations.

In the medium term, the company plans to evolve into a credit or deposit institution. In the long term, the company aims to establish a full-fledged bank. The current focus is on developing a sustainable growth model, professionalizing its structures, and attracting additional investment.

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Financial Services Provider

Willi Helbling