Total loan: $20,000
Kampala, Central Region, Uganda / Services
Flag of Uganda
Adonai's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!
A loan helped to help us serve an additional 100+ entrepreneurs in the suburbs of Uganda’s capital. It'll also help reduce the cost of our micro loans to borrowers by 48%.
Joseph and Alex are the co-founders of Adonai, which provides micro loans to 1,400+ entrepreneurs in Kampala and three districts in the immediate neighborhood. These loans, between $50-$300, go towards the entrepreneurs' working capital needs, like purchasing fresh fruit for their food stand. The photos highlight some of their customers' businesses. Adonai has developed new, more affordable loan products to serve clients more effectively and deepen their impact. With this Kiva loan of $20,000, Adonai will be able to provide their own micro loans to another 100 entrepreneurs and also significantly reduce the cost of loans for some of their best entrepreneurs. Adonai has an impact focus and prioritizes low-income, underserved entrepreneurs in town suburbs within and around Uganda’s capital. In addition to credit, Adonai empowers its borrowers with business and financial management skills through trainings and one on one engagements with the loan officers.