Access to working capital finance for startups, micro, small and medium enterprises (MSMEs) in Uganda is still an impediment for the growth of MSMEs. In Uganda, only 10% of micro and MSMEs can access bank loans or a line of credit for their operations as captioned in the IFC Market Bite Uganda report of November 2021.
Clients under HopeStone Africa will effective 1st September 2022 be able to access its Investment Fund. The short-term, low-cost, flexi payment investment fund assists clients in boosting their operations in the form of working capital for their businesses.
Copious Harvest Ltd, a coffee value chain processor, is among the Investment fund’s beneficiaries. The funds were used to expand the volume of coffee processed from half a ton(500kg) a month to 2 tons (2,000kg) of coffee a month. The founder of Copious Harvest Mr.Robert Cengkuru ; one of the beneficiaries of the Investment Fund is excited to be part of HopeStone Africa and the benefits of the different business advisory services; including market linkages Copious accesses.
The Ample coffee can be accessed online at www.hopestoneafrica.org. HopeStone Africa is committed to walk the success journey of small, medium and micro enterprises in Africa.