Equity Bank Uganda and Unilever Uganda have launched a strategic financing partnership to enhance liquidity and operational efficiency within Unilever’s distribution network. The partnership introduces the Eazzystock Financing Product, a working capital loan solution designed for distributors, retailers, and stockists.
The Eazzystock Financing Product offers flexible working capital loans ranging from UGX 1 million to UGX 3 billion, with a single one-time sign-up and account auto-sweep functionality. Loan terms and usage are reviewed quarterly, and loans up to UGX 1 billion are unsecured.
According to Christine Mukasa Mugerwa, Acting Head of Corporate Banking at Equity Bank, “That bar of soap matters. So how do we ensure it reaches the people who need it, while transforming the shop attendant’s life in the process?” The partnership aims to strengthen the supply chain across Uganda by providing easier access to affordable working capital.
Barbara Aseera, Head of Manufacturing and Logistics at Equity Bank Uganda, emphasized the strategic impact of the partnership, stating that it facilitates easier access to affordable working capital, enabling Unilever’s distribution partners to maintain inventory levels and improve cash flow management. Gerald Tentena, General Manager – Supreme Branch, Equity Bank Uganda, highlighted the tailored approach of the financing solutions, saying, “Together with partners like Unilever, we’ve developed tailored financial solutions that meet the unique needs of specific distributor networks.”
Luck Ochieng, Managing Director – Unilever Kenya & Uganda, praised the collaboration, saying, “Our success in Uganda is built on the strength of partnerships like the one we have with Equity Bank. Together, we’re not only moving product, we’re creating opportunities for shared growth.”
Key Highlights
– Flexible working capital loans ranging from UGX 1 million to UGX 3 billion
– Single one-time sign-up and account auto-sweep functionality
– Loan terms and usage reviewed quarterly
– Loans up to UGX 1 billion are unsecured
– Partnership aims to strengthen the supply chain across Uganda
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