Having been in operation since 2011 as an indigenous poverty-focused microfinance institution, Climaxx Microfinance is registered with the Uganda government as A LIMITED COMPANY BY SHARES. Its primary goal is to empower the marginalized rural poor, especially women, through credit for income-generating activities. It started offering micro-credit and compulsory savings services to poor women in the agri-based rural regions of Central and Northern Uganda in April-2011, building up its client outreach over the past five years to about 2,500 borrowers, 80% of them women.

It offers three main loan products that include solidarity group loans (SGL), smallholder farmers’ loans (SHFL), salary earners loans and the special commercial opportunity loans. The first two products adopt a group lending methodology; while the last two are structured as individual loans. Its savings and micro-insurance are embedded as guarantee features to mitigate the risk as all its loan are collateral-free.

While lack of access to microfinance services is still prevalent among the low-income and marginalized sectors in hard-to-reach areas in Uganda, Climaxx Microfinance has a competitive niche in addressing the potential demand for microfinance services since it operates in the rural areas where other providers do not have intensive outreach. With our vision and mission, Climaxx Microfinance will take a deliberate step-by-step gradual approach over the next five years focusing on the operational and institutional development process and leading towards a professionally managed and sustainable institution.