We have partnered with @TLG_Capital to close a $𝟓 𝐌𝐢𝐥𝐥𝐢𝐨𝐧 𝐟𝐚𝐜𝐢𝐥𝐢𝐭𝐲 that will drive financial inclusion for SMEs in Uganda.
This partnership pairs TLG’s growth capital with SHONA Capital’s proprietary technology to put flexible and timely credit between $5,000 to $100,000 in the hands of formal underserved small and medium businesses.
The facility is designed to accelerate our next phase of growth: quadrupling our loan book, expanding across Uganda, and attracting additional institutional partners.
At the heart of SHONA Capital’s model is our proprietary underwriting process and technology, which automate borrower onboarding, data processing, credit assessment, and management support. While traditional lenders can take several weeks to disburse funds, SHONA Capital disburses within 5–10 days, advancing digital financial inclusion for businesses that banks and microfinance institutions have historically been unable to reach.
Speaking about this latest partnership, @mandelaivan, CEO of SHONA Capital Uganda, said: "For most SMEs, the difference between growing and standing still comes down to whether they can access capital quickly and at a cost that makes sense. Our strategic model and technology make that possible. For SHONA Capital, growth at this pace also demands the right institutional support. TLG’s backing provides exactly the type of partnership that will facilitate our ambitious growth targets. This transaction sets our company up to scale and deliver on our impact goals, including a stronger focus on helping more SMEs formalize their operations and integrate into the broader economy.”
SHONA Capital was established to directly address Uganda’s $8.8 billion SME financing gap, serving underbanked businesses across key sectors of food and agriculture, healthcare, retail, and manufacturing. Founded in 2022 and drawing on over a decade of SME advisory work by SHONA Group, the company has built a strong track record: $6.5 million disbursed to over 150 SMEs, generating 402 direct jobs, with 51% of borrowers being women-owned or women-led businesses and 67% accessing institutional credit for the first time, driving their transition towards formalization.
#MoreThanCapital #Uganda #Business #Africa #Financing #CapitalMarkets
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If you're building your first house in Kenya, read this before you sign anything with a contractor.
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Suppose that the government of a developing country only cares about the welfare of workers. Under plausible assumptions, the best thing you could do for them is tax the workers to give to capitalists. Yes, really! This is why unionization in poor countries is short-sighted. 1/
5 platforms you can use to invest in offshore stocks and ETFs:
1. Interactive brokers
2. Hisa
3. Ndovu Wealth
4. HF Markets
5. Scope Markets
Which of these do you prefer?
This Monday evening at 8 pm on my Spaces we go beyond writing of a Will & Last Testament to talk about Estate Planning & Asset/Wealth Management. How to organize your affairs. I will have a conversation with Damalie Tibugwisa-@TDtibugwisa & Allen Kagoya @AlynKay1 of Tara Advocates & Tonny Mugisha-@TonnyFinAdvisor of Eiton Capital. Set a reminder, tell your folks, log on