KOICA - Mango Fund Program for Small Business Innovation 

About the Program
The KOICA - Mango Fund Program for Small Business Innovation is a joint program of between the Korea International Cooperation Agency (KOICA) and Mango Fund. The goal of the program is to foster industrialization of the Ugandan SME sector and to develop a sustainable and replicable social business model based on the experience of Mango Fund. The program has two major purposes:

  1. To increase access to finance for small businesses through tailored financial services.  
  2. To increase the SMEs' capacity to grow via business advisory services.  

Between 2015 and 2018, over the duration of the joint program with KOICA, Mango Fund plans to deploy $500,000 in loans to small growing businesses in Uganda. The program is addressed to SMEs registered in Uganda and operating in the line of value addition. The KOICA-Mango Fund program finances assets such as machinery and vehicles that increase the productivity of our clients.  

Machines purchased

  • Edible oil refinery machine
  • De-stoner machine
  • Extruder machine
  • irrigation systems
  • Water tanks and water pump
  • 92 horse power Mahindra tractor
  • 5 ton truck for maize delivery
  • Delivery van

Key figures as of July 2015

  • Number of loans extended: 6
  • Total capital disbursed: $115,266 or 318,863,000 Ugandan shillings
  • 23% of the planned investment budget deployed within 6 months
  • All clients’ payments are on time