The Women Prosper Loan offered by Uganda Development Bank (UDB) is specifically designed to enhance access to affordable and appropriate financial services for women-owned and women-led businesses. This facility aims to empower women entrepreneurs by addressing the financial barriers that often limit their participation in economic activities. In addition to providing tailored financing, the loan is complemented by business advisory services that build the capacity of women in areas such as financial management, strategic planning, and market development. By enabling more women to start, grow, and sustain competitive enterprises, the Women Prosper Loan supports inclusive growth and strengthens the role of women in driving Uganda’s socio-economic development agenda.
Key Features
- Minimum financing of UGX 100 million and maximum financing of UGX 900 million across all interventions for women-led enterprises.
- One-time appraisal fee of 0.75% (1% for short-term working capital, with 0.75% on revolving amounts).
- Interest rate ranging between 10%–12% per annum.
- Business advisory services provided to promote sustainability.
Criteria
- Ownership/Shareholding: Enterprise or business with more than 50% ownership/shareholding by women.
- Leadership/Management: Enterprise where at least 30% of the Board and Senior Management are women.
- Employee Composition: Enterprise employing at least 40% women.
- Product Focus: Enterprises involved in the production of essential products for women, including sanitary products and medical equipment.
