From the inception of their partnership in 2019, Inveniam has worked closely with JumpStart Africa to actualize and expand JSA’s mission to use micro-finance to catalyze economic growth, expand financial inclusion and alleviate poverty in under-served communities in Uganda.
“People have not looked at Africa with the possibility to offer profitable ventures and so for most people it’s mainly aid. And aid has its place, but I think the long term solution for Africa and the poverty problem is really business.”
Fred Mawanda – Founder and CEO, JumpStart Africa
A Historic First …
Meet Joseph. Joseph is the first ever recipient of a micro-enterprise loan (MEL) from JumpStart Africa. He is a building contractor and is borrowing 30M UGX (roughly $9K) to buy supplies and grow his business. This loan will also enable Joseph to change lives hiring more employees and building more homes and businesses for his community.
In addition to their ongoing focus on some of Uganda’s most vulnerable – women and youth – Jumpstart Africa is now also addressing the often forgotten middle in so many of these programs, small business operators who often have few open avenues to obtain loans.
To Learn More about our partnership with Inveniam, watch the video below