Project Description

Strengthening the Ugandan SME sector through tailor-made business support

Oxfam1Oxfam is an international confederation of 17 affiliates working in more than 90 countries across the globe. The organisation believes the upcoming SME sector in developing countries has the potential to contribute to social change and realise a world without poverty.
Access to capital is requisite for SME development in developing countries. Consequently through their ON Impact Investments (ONII) program, Oxfam is supporting entrepreneurs committed to achieving social impact while making financial returns in Africa and Asia.
Oxfam works with local partners to provide investment capital, business development and impact measurement services for small and medium size enterprises in Nigeria, Uganda and Vietnam. In Uganda, Oxfam has engaged the services of B-Space to incubate social and sustainable businesses.The B-Space factorOxfam2_1
Our position is that of a partner that will create a pipeline of investor ready social businesses through tailored business development support. We do this through a team of coaches and consultants from various disciplines. Together with you, we develop a tailor-made roadmap with aspects of your business operations that you need to work on, in order to make your business investor ready and increase your change of getting access to finance ánd allocate it accordingly.
We have finished our first round of incubation. In order to achieve this,we made a call for proposals  from incubatees and  to qualify for selection, incubatees had to be:
1. Locally owned
2. Profitable
3. At least two years in existence
4. Worth a minimum investment of € 100,000
5. Structured to have a social impact.
The selection of incubatees was an ongoing process; and they were not be selected all at the same time. By September 2015,the incubatees were ready to apply for financing, either from ONII or other funds. ONII welcomes co-investing with other funds.
• Integrated solution -> more than money (financing plus capacity building)
• Local presence -> local knowledge -> local monitoring
• Flexible financing approach (grace period, tenor, rescheduling, less colleteral)
• Willingness to accept higher risks than commercial institutions
• Willingness to accept higher handling costs than commercial institutions
• Corporate Social Responsibility (CSR) proof
• No sector approach but focus on youth, women and small farmers
As part of this venture, the team of experts and coaches compile insights and findings from the incubation program and have since released a report o with insights onImpact  Investor funding in Uganda. To download, click here for the  Impact Investor mapping report.