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Message: [QUOTE="Munyaradzi Mafaro, post: 46406, member: 636"] Equity Bank Uganda partnered with Unilever Uganda to create a new financing program for businesses that distribute Unilever products. The partnership helps distributors access working capital loans more easily. Companies can borrow money to keep products on shelves and manage cash better. The program strengthens the supply chain across Uganda. Distributors, retailers and stockists can all apply for these loans. The Eazzystock Financing Product offers loans from 1 million to 3 billion Ugandan shillings. Businesses need only one application to access the money repeatedly. The bank reviews loan terms every three months. Each time companies withdraw money, they pay 1.15 percent of the amount borrowed. An insurance fee of 0.05 percent also applies to each withdrawal. Loans under 1 billion shillings require no collateral from borrowers. Companies seeking more than 1 billion shillings must provide security or collateral. The bank designed the program specifically for Unilever's distribution network. Christine Mukasa Mugerwa from Equity Bank said the partnership transforms lives and businesses. She emphasized that funds should move as quickly as businesses need them. Barbara Aseera from Equity Bank explained that the partnership improves liquidity and efficiency for distributors. Luck Ochieng from Unilever said the company builds similar programs across Kenya, Rwanda and Uganda. The breakfast meeting brought together distributors to learn about the new financing options. Bank officials stressed the importance of reaching customers through strong distribution networks. [/QUOTE]

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