The Foundation renews its partnership with UMF (Uganda)
The Foundation granted a loan equivalent to € 500 000 over a three-year period to UMF (Uganda Microfinance Foundation). Since 2008, UMF offers microfinance services (among which group loans) to the economically active people of Uganda who lack capital. Almost 70% of its existing client base is made up of women.73% of the 5,000 active borrowers of the institution are farmers and small traders but it also serves small businesses. In areas where youth and female unemployment rates are high, this MFI is a catalyst for local employment. It also encourages its customers to save in order to build up a small capital and gain financial autonomy.