Opportunity International Implementing Members

Opportunity Uganda Ltd

Opportunity International made Network history on December 28, 2006 when the Investment Services Division finalized its largest acquisition at the time. Opportunity Transformation Investments and Opportunity International Australia each purchased a 31.5% stake in Faulu (Uganda) Limited, giving Opportunity a combined majority stake of 63% in the fourth largest microfinance institution in Uganda. This acquisition demonstrated a strategic alignment in the mission, vision and strategic direction of two organizations mutually committed to answering Jesus Christ's call to serve the poor. In 2009, Faulu changed its name to Opportunity Uganda and became a regulated banking instutition.

Opportunity Uganda's mission is to be a leader in providing financial services to poor entrepreneurs and to promote holistic transformation within communities. With a newly launched Micro-insurance Agency serving their clients, and innovative training delivery techniques have been helpful in establishing Ugandans in new businesses. A clear credit strategy has also been implemented, requiring a return to Trust Groups and Solidarity Loans rather than Individual Loans. Opportunity Uganda also plans to move into rural areas from its current urban base, which will involve developing an agricultural product based on the Trust Group model. There are many rural areas in Uganda still underserved by microfinance, and the market for entrepreneurs and business-owners is still vast.

Performance in 2009