Project: Financing facility

This project provides a solution to one of the main obstacles to bank financing faced by the vital SME sector. SMEs in Uganda employ 2.5 million people and they contribute up to 70% of the country’s GDP. In this transaction, a distributor of a major telecommunications provider in Uganda required a credit facility to reach their monthly targets. The extra financing enables them to maintain adequate stock of goods for their retail customers. To make this possible, ATI insured the bank against payment default. ATI will continue to aggressively seek out opportunities to support this sector.

Maximum Sum Insured: $154,000