€90.00

Buy 2 pigs and trade in coffee silver fish.

Requested loan

Nowerina would like to buy 2 pigs for production, male and female. She will be selling off the piglets since they have ready market. She will keep local ones which are easy to keep and also resistant to diseases.

You have to support this microcredit.
€90.00

Stock bananas to improve on her stall.

Requested loan

Scovia says that she deals in selling raw foods like cassava, bananas and sweet potatoes but she mostly wants to buy bananas which she says are more profitable and are easy to find.

You have to support this microcredit.
€300.00

Snacks selling

Requested loan

Immaculate makes snacks like samosas, chapattis, cassava crisps, etc for a living.

You have to support this microcredit.
€420.00

Poultry and piggery

Requested loan

Sylvia has over 150 local chicken birds that she raises at her humble home in Kisoga. She buys the birds from Mukono town from Biyinzika poultry breeders and transports them to her home in a taxi.

You have to support this microcredit.
€420.00

Retail shop next to Kisoga market

Requested loan

Ruth runs a retail shop on rented premises, She buys her stock from whole seller distributors which have made her work even easy, She sells items such as sugar, cooking oil, washing powder, sodas and packed drinking water among other items.

You have to support this microcredit.
€540.00

Tailoring

Requested loan

Christine does her tailoring in Kisoga near the Basokakwavula market where she rents since it has a lot of exposure.

You have to support this microcredit.
€300.00

Clothes selling (under wear)

Requested loan

Florence sells new clothes, mainly under wears that she buys from Kampala in kikuubo and then transports them to her home in a taxi.

You have to support this microcredit.
€150.00

Grocery stall

Requested loan

Jane has a grocery stall on the main road heading to bugoye which helps her get plenty of customers though her capital is a little less and thus she gets few profits that’s why she wants to take out a loan and be able to buy more items and in bulk

You have to support this microcredit.
€150.00

Retail shop

Requested loan

Rebecca has a retail shop in her ntenjeru town next to her home, she buys most of her shop items from Ntengeru mukono and then transports them to her shop by use of a taxi, though at times she buys some of the items from the mobile truck sellers.

You have to support this microcredit.
€150.00

Bar

Requested loan

Betty has a bar in ntenjeru trading centre where she sells different types of beers, sodas and other booze.

You have to support this microcredit.

About SYPO Uganda Ltd.

www.microbanker.com was started to support the Ugandan microfinance project of the Dutch NGO SYPO. We provide small business loans to poor women in rural Uganda, who do not have access to conventional bank loans.

Also see our Frequently Asked Questions >

The Dutch NGO SYPO was started in 2003 to support entrepreneurial projects in the Mukono and Buikwe districts in Uganda. Over the years, the focus shifted more and more to microfinance.

SYPO Uganda Ltd.
In 2009 SYPO first started working with a Ugandan partner to give out loans to women in Uganda. The non-paternalistic nature of our approach (women choose what to do with their loans and repay with interest, instead of having to be thankful for Western-planned handouts) combined with our emphasis on efficiency meant that microfinancing soon became our core activity. In 2011, the NGO started its full subsidiary, SYPO Uganda Ltd, a company to provide accessible loans to women in rural Uganda. Still working in the districts we’ve come to know so well, we only employ local staff to reach thousands of women who have a dream to determine their own, more prosperous future. Our ambition is to build a microfinance company which is low-cost, accessible and transparent, offering loans tailored to the needs of rural women. In its first years the company already proved to be a big success: we have now provided over 8,000 loans and still maintain over 99% repayments. To keep the loans accessible even in the most remote villages, we have to work in innovative ways; with a unique organisational structure that allows us to have less than half the costs of our peers in East Africa, leveraging online IT systems in the field and mobile money for repayments. Contact us to learn more about the way we work!

Accessible loans for women who need them most
Our loans match the needs of the women who need them most, who each have a dream to start or expand a simple business to improve the lives of their families. In addition to striving to keep loan costs low, we also ensure that we maintain a friendly, non-intimidating approach – simple offices, simply dressed loan officers, repayments under a tree or on the village market.

Each SYPO loan officer starts a field office in a local community and starts building a portfolio of loans from there. The loan officers can each handle up to 500 loans, repaying weekly in a tightly organized and standardized way. The application procedure is simple, fast and transparent – group selection, a one-page business plan, visit of the loan officer to the client’s business location, and simple financial literacy training. The clients never walk more than ten minutes to the repayment location. No fees other than the interest is charged, no mandatory savings, no insurance fees.  

SYPO microbanking
SYPO intends to grow to a portfolio of 5,000 loans before the end of 2015. To achieve this goal, we need a lot of donations. With this website, we hope to show everybody the strength and impact of microfinance – the possibility for women in Uganda to work on a better future, again and again.

Emma

Who's involved?
The microfinance project in Uganda is managed remotely by parttime (unremunerated) directors Emma Kandelaars and Duko Hopman. Emma and Duko are supported by volunteers in the Netherlands and elsewhere, and work with a fantastic team of fulltime employees on the ground in Uganda. They're supervised by the Board of the NGO in the Netherlands.

Duko

SYPO in numbers
To ensure that we reach as many women as possible with our microcredits, we continuously improve the way we work and research our impact. Since the start of the organisation, we have given out over 8,000 microcredits, and have achieved 99.8% repayment. The women borrow in groups of five, responsible for each other's repayments but each with their own business plan. The maximum repayment period is one year, but the women can choose to repay faster. Our operational costs are 15% of the loan portfolio, which is about half the East African average. This way we can keep the interest to the women as low as possible. The organisation covers its own costs, but because it's a non-profit any profits that we do make are immediately reinvested in growth of the organisation. Below you can find our latest audited annual reports and an 
impact assessment we conducted to show the social impact of the microcredits, focusing not only on income levels but also on well-being of the women.