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A social network allowing borrowers and lenders in Uganda to connect
A social network that allows borrowers to access loans from millions of lenders in Uganda. It also allows lenders to have direct access to millions of borrowers. From mobile money lenders to traditional salary advance companies to instant mobile loans in Uganda, Open Loans Uganda connects borrowers and lenders from Kampala to Jinja to Nansana, etc. The idea is to create a very efficient loans marketplace in Uganda.
Open Loans Uganda also provides Ugandans with investment opportunities. A private person in Uganda with excess cash can use the app as a way to invest. He can lend the money to another Ugandan he finds on Open Loans Uganda and earn an interest. He can secure himself by taking possession of security such as a car or a title deed.
Borrowers in Uganda can borrow from private persons as well as banks and other financial institutions in Uganda that they find (or find them on Open Loans Uganda).