€75.00

Selling goats meat, chicken and a bar

Requested loan

Margret owns a goat’s meat butcher and sells soft drinks. The former is as a result of the latter. She buys her goats from the local surrounding, slaughters it and takes it to her butcher in Mukono.

You have to support this microcredit.
€150.00

Selling petrol

Requested loan

Lydia sales fuel that she buys from Mukono since it’s a bit cheaper compared t when she buys it from Kisoga where its sold a bit expensively.

You have to support this microcredit.
€150.00

Cold drinks, snacks and roasting meat

Requested loan

Annet buys her fruits like passion fruits, pineapples and oranges from Mukono market and for the meat she buys it from ntenjeru and sometimes from kisoga.

You have to support this microcredit.
€150.00

Snacks selling and farming

Requested loan

Barbra makes chapattis, cassava and samosas every morning from 7:00am to midday. Barbra says that she makes basically tea escorts from ntenjeru trading center alongside the road.

You have to support this microcredit.
€180.00

Buy more restaurant items to increase sales

Requested loan

Monica runs restaurant business just in the center of the trading centre next to the landing site.

You have to support this microcredit.
€180.00

Invest more in the fish business

Requested loan

Grace runs her fish business in Ssenyi trading center near the landing site. She buys fresh fish from the fish mongers and adds value to it by frying and smoking. She sells this fish to the restaurants and homes in the trading centre.

You have to support this microcredit.
€180.00

Add stock to her banana business to increase sales

Requested loan

Shifah runs a banana cassava and potato business in Ssenyi, she buys the bananas , pototaes and cassava from the farmers in the villages of Ssi, Bulinyi and Gaaba at a cheaper price depending on the size, she buys the smaller bunches at 6,000s, me

You have to support this microcredit.
€180.00

Farming, Selling silver fish and raw food stuffs.

Requested loan

Maureen is a farmer of all fresh food. She farms coffee, beans, maize, g/nuts, bananas, cassava, sweet potatoes etc. She sells sweet bananas to earn a living.

You have to support this microcredit.
€180.00

Farming and Piggery , Poultry

Requested loan

Irene was introduced into sugarcane farming by her mother. She farms sugarcane for sale in cooperation with the owners of the sugar factory. She hires land from land lords, hires a tractor to dig, buys her own seeds, plants and sprays the weeds.

You have to support this microcredit.
€180.00

Farming and Trading coffee

Requested loan

Kamiati is a seller of sweet potatoes, cassava, tomatoes, onions, dried beans, coffee, ground nuts, maize and millet but her challenge is limited funds to enable her serve all her many customers and sometimes misses out on supplies as farmers sell

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.