The facility, structured over 24 months and disbursed in December 2025, is earmarked for scaling tailored financial solutions for low-income households and micro, small, and medium enterprises (MSMEs), segments that have historically struggled to access formal credit.

MSMEs constitute the vast majority of Uganda’s private sector and are crucial for job creation and economic dynamism, yet many remain unable to secure the working capital they need due to systemic financing barriers.

With the capital now released, Platinum Credit Uganda has begun rolling out enhanced loan offerings in phases, opening applications through its branches and digital platforms to reach a broader base of clients.

Executives from both organizations framed the transaction as a strategic step toward deeper financial inclusion.

Duncan Frayne, Symbiotics’ Regional Director for Sub-Saharan Africa, said the investment underscores support for expanding the microfinance lender’s MSME portfolio and reaffirms its role in inclusive and sustainable economic development in Uganda.

Brett Sievwright, CEO of Platcorp, described the funding as a catalyst for improving access to finance among underserved groups and as a key component of the firm’s broader push for impact-focused capital deployment across Africa.

Albert Abaasa, Managing Director of Platinum Credit Uganda, emphasized that the new resources are expected to drive tangible community benefits, stimulate business growth, and narrow the financial access gap that has restricted many entrepreneurs from expanding their activities.

He noted Uganda’s rich reservoir of entrepreneurial talent has too often been sidelined by traditional lenders and that microfinance can play a pivotal role in unlocking economic potential at the grassroots level.

The deal reflects rising interest from global impact investors in African microfinance institutions that combine financial returns with measurable social outcomes, particularly in markets where credit access remains uneven and exclusionary.