Equity Bank Uganda joined forces with Unilever Uganda to create a new financing program for product distributors. The companies launched their Eazzystock Financing Product during a breakfast meeting focused on distributor funding opportunities. This working capital loan system targets distributors, retailers and stockists within Unilever's business network. The partnership aims to boost cash flow management and inventory maintenance across Uganda's supply chain. Bank officials said the program helps transform communities through better product access.
The financing package offers working capital loans between UGX 1 million and UGX 3 billion for qualified businesses. Distributors complete a single application process with automatic account features built into the system. Bank staff review loan terms and usage every three months to ensure proper management. Loans under UGX 1 billion require no collateral from borrowers. Larger amounts above this threshold need security or collateral backing.
Christine Mukasa Mugerwa from Equity Bank emphasized the social impact of keeping essential products available to consumers. Barbara Aseera noted that COVID-19 created the need for such financing programs after many distributors lost their working capital. Gerald Tentena explained that each distributor network receives customized financial solutions rather than standard packages. Luck Ochieng from Unilever praised the partnership for creating mutual growth opportunities. The collaboration demonstrates how banks and manufacturers can work together to strengthen distribution systems.
The financing package offers working capital loans between UGX 1 million and UGX 3 billion for qualified businesses. Distributors complete a single application process with automatic account features built into the system. Bank staff review loan terms and usage every three months to ensure proper management. Loans under UGX 1 billion require no collateral from borrowers. Larger amounts above this threshold need security or collateral backing.
Christine Mukasa Mugerwa from Equity Bank emphasized the social impact of keeping essential products available to consumers. Barbara Aseera noted that COVID-19 created the need for such financing programs after many distributors lost their working capital. Gerald Tentena explained that each distributor network receives customized financial solutions rather than standard packages. Luck Ochieng from Unilever praised the partnership for creating mutual growth opportunities. The collaboration demonstrates how banks and manufacturers can work together to strengthen distribution systems.
