Microfinance

Mango Fund in the Generations Agripreneur Expo 2015

Last Tuesday and Wednesday our team took part in the Generation Agripreneur Expo organized by the American Chamber of Commerce Uganda. We talked to over 200 entrepreneurs and visitors, we met a number of potential clients interested in products made by our investees, and we established a couple of promising partnerships.

During the two days of the expo we had a pleasure to exhibit products of some of current clients. Our showcase included products of Bee House Products, producer of honey and beekeeping equipment, K-Roma, wine and juices, SEB Engineering, metal fabrication, Don de Dieu, apparel producer, and Definition Africa, apparel and souvenirs.

During the second day of the Generation Agripreneur event, Elisabeth Lindow, Director of the Mango Fund's Women Entrepreneurs Initiative, took part in the discussion panel "The Economics of Business". Liz emphasized that financial institutions working with entrepreneurs need to deliver flexible products that fit production and sales cycles – often different for farmers and manufacturers.  – Debt is a long term commitment. Financial institutions and businesspeople need to learn how to work together not only when the business goes well but also when challenges occur – said Elizabet Lindow from Mango Fund.

New investments in April: Family Diet and second facility for Teefe Plastics

This month we invested in two companies: Family Diet, a grain processing business new to our portfolio, and Teefe Plastics, a plastic recycling company which got already its second loan with Mango Fund.

Family Diet's rice and soya-based products.

Family Diet Ltd. is a grain processing business established in 2002 run by Isa Wamala. The business primarily process soy based products in 7 varieties and its supplies to over 100 outlets in Kampala and other districts. Moreover, the company also supplies soy-based animal feed.  Mango Fund financed a purchase of 2 machines to expand the production capacity of the business.

Teefe Plastics Ltd. was established in 2009 by Christine and Robert Mawanda. Mango Fund gave them their first loan in 2012 to cover the purchase a second recycling machine to boost their production capacity.  Now Christine and Robert came back to Mango Fund to finance another recycling machine.

Women in the US can help mothers, wives, and sisters in emerging economies to make their lives better

Women in the US and the rest of the Western countries hold immense financial resources in their hands, especially when compared with the situation of women in emerging economies. This wealth gives them more chances to give, and to invest in fellow mothers, wives, and sisters in Latin America, Africa or Asia, and give them opportunities to work and make their lives better.  Read more about microfinance and the position of privilege American women and how they can help women in developing world in the article by Ashley Dickens in Christianity Today