Why green financing is attracting lenders’ appetite

By Christine Kasemiire

After several failed attempts to merge a bag to a seat in 2016, Arnold Mugaga, the creator of SeatPack emerged victorious in 2018. Birthed on the ideals of resolving the inadequacy of desks in schools, pressures from population growth and increasingly endangered forest cover, the 600 gram school bag unfolds into a seat and contains a writing pad.

It was made to be environmentally and economically sustainable. In the same spirit of human and animal life sustainability, Gorilla Conservation Coffee was formed.

Dr Gladys Kalema Zikusooka founded the company after the harsh realisation that the farmers living adjacent to Bwindi Impenetrable Forest were poorly remunerated for their coffee. Consequently, they resorted to using the national park for fuel and food.

Bwindi National park is home to many gorillas in Uganda. To protect the gorillas’ home, Gorilla conservation coffee then offered farmers a premium of $0.5 per kilo above the market price for their coffee to enable them attain their livelihood.
Read more: https://www.monitor.co.ug/uganda/business/prosper/why-green-financing-is-attracting-lenders-appetite-3342764

Testimonials

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I write to say thank you! For showing your support to our local entrepreneurial scene. It is because of men like you that our continent will resound it’s pride! Towards prosperity and beyond!

Arnold Mugagga -Winner Total Startupper 2019

ZETU AFRICA-Managing Director

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Julius Birungi

Cocoa Grower

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Five students at the University of Minnesota were studying deforestation in Uganda and its underlying causes. After discovering that charcoal use was a major driver behind the nations shrinking forests, they began to look at ways to promote sustainable alternatives to charcoal, such as briquettes, which are made from recycled organic waste.

Maggie Kristian

Kaloli Energy

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I was only growing maize for sale but after switch Africa green Seed replicator workshop, am developing my business Idea called Norlan Uganda Maize Millers and animal feeds. I have started on the process of Value addition where am saving some money to add on the loan I want to borrow so that I can buy a milling machine, to start parking posho and animal feeds.

Ninsiima Olyvia

Bagezza Sacco ltd

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