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Who We Are

era92 microfinance is an arm that offers savings and loan services to youths and women among other axillary financial support services.

We provide resources and access to capital to the financially underserved, such as those who are unable to get checking accounts, lines of credit, or loans from traditional banks. We help them invest in their businesses and, as a result, invest in themselves.

Who We Are

era92 microfinance is an arm that offers savings and loan services to youths and women among other axillary financial support services.

We provide resources and access to capital to the financially underserved, such as those who are unable to get checking accounts, lines of credit, or loans from traditional banks. We help them invest in their businesses and, as a result, invest in themselves.

Our Model

We operate on the pillar of democratizing capital and finances for women and youth across Africa.

Why Microfinance?

Small Medium Enterprises (SMEs) are the backbone of Uganda’s economy. SMEs account for 90% of Uganda’s private sector yet access to finance continues to be a major constraint for SMEs with 7 out of every 10 identifying ‘limited access to finance’ and the ‘cost of finance’ as constraints to business growth. 

Commercial banks are still the dominant source of loans for these businesses with 1 out of every 2 SMEs accessing their loans from banks. Only 1 SME out of 5 SMEs indicated that they access loans from microfinance institutions. This means there is a lot more work for Microfinance Institutions to do. 

That’s why we choose to fill the gap and provide access to different products to the financially underserved startups & medium sized enterprises. It’s hard for many of them to access capital from investors who are not on ground. 

Era92 Fund is the financial solution to elevating growing enterprises to build the future of Africa.

We Stand for Small Businesses

Small business owners are progressive leaders. They’re determined. They stand up to make a difference and work hard to make it happen.

When small businesses succeed, they create hundreds of jobs, support local communities and drive the economy forward – that’s why we care about helping them win. To us, nothing is more important.

How it works

We connect creditworthy businesses / Individuals looking for finance with people and organisations with money to lend.

Investors

We mobilize funds & resources from investors across the globe and make it accessible to start-ups, SMEs & micro-entrepreneurs

Due Diligence

We review applications and approve creditworthy businesses. We then pay out their loans and process repayments for investors.

Businesses

Businesses make fixed monthly repayments with interest, which we distribute to all the investors who lent to them.

Invest with confidence

Diverse investments are an important part of planning for your future. We focus on delivering attractive, stable returns so you can reach your financial goals.

  • Thousands of businesses/individuals borrow through our microfinance, so you can easily lend to hundreds of established businesses and build a diversified portfolio.

  • Rigorous credit assessment so you lend to creditworthy businesses and loans perform in line with your expectations.

  • We manage everything during the lifetime of a loan, so you’ll get repayments with interest in your account every month.

Are you a business owner?

Find out how we can help you take your next step with affordable finance.

  • Unsecured loans up to 1M Ugx
  • Dedicated account manager
  • No fees for full early repayment
Apply Now

Are you an investor?

Open your account today and you can start earning for your future.
  • You can earn 4.5 – 6.5% per year
  • Proven track record
  • Easy to manage your investors account
Remember, your actual return may be higher or lower, and when lending to businesses your capital is at risk.
Apply Now

Frequently asked questions

How did era92 Finance start?
era92 Finance was founded in 2021 to give small businesses the funding they need to win. In the wake of the 2020 pandemic, small businesses were poorly served by the finance industry and were not getting the access to finance they needed. At the same time, investors who had money to lend were struggling to make good returns. So we had a simple idea – let’s connect them together.
How is era92 Finance different from a traditional bank?
We are a microfinance, not a bank. We cater to the financially excluded like those in rural areas with low incomes while traditional banks focus on the middle and high class end citizens with high incomes and big security assets.
What is the due diligence process on era92 Finance loans?

All borrowers must provide leadership information, financial documentation and detailed plans for using capital for loans. Small businesses apply using our simple online form. We then assess their application thoroughly, doing background checks and site visits and, if approved, the loan is directly given to them.

By specialising in small business finance, we have tailored our processes to be as simple and efficient for our customers as possible, reducing application hassle, giving quick decisions, and providing great customer support.

What happens when a borrower can’t repay the loan?

If a borrower is behind on paying back a loan, they may try to reschedule repayments if they have proof of a high credit score. This is common practice in microlending. era92 Finance may be forced to seize security and decide not to lend to that specific individual again if they aren’t able to repay. Borrowers can’t apply for another loan unless they’ve repaid previous loans.