By David Mwanje
KAMPALA– In a landmark move set to transform Uganda’s retail landscape, Equity Bank Uganda and Unilever Uganda have unveiled a strategic financing partnership to supercharge liquidity for distributors, stockists, and retailers in Unilever’s supply chain. Announced at a vibrant breakfast engagement in Kampala themed “Unlocking Financing Opportunities for Distributors,” this initiative promises to fuel economic growth and empower local businesses with affordable working capital through Equity’s innovative “Eazzystock” loan product.
The partnership is a beacon of hope for Uganda’s fast-moving consumer goods (FMCG) sector, ensuring distributors can maintain robust inventory levels, streamline cash flow, and bolster operational resilience. The Eazzystock loan offers flexible financing from UGX 1 million to UGX 3 billion, with unsecured loans up to UGX 1 billion and secured options for higher amounts. With a modest drawdown fee of 1.15% and an insurance fee of 0.05%, the facility is designed for accessibility. A one-time sign-up and account auto-sweep functionality further enhance efficiency, with loan terms reviewed quarterly to adapt to business needs.
Christine Mukasa Mugerwa, Equity Bank Uganda’s Acting Head of Corporate Banking, radiated optimism at the event, emphasizing the bank’s commitment to grassroots empowerment. “We’re not just financing businesses; we’re transforming lives. That bar of soap in a rural shop isn’t just a product—it’s a lifeline for the shop attendant, the distributor, and their families. This partnership ensures they thrive,” she declared.
Barbara Aseera, Head of Manufacturing and Logistics at Equity Bank Uganda, highlighted the initiative’s role in stabilizing Unilever’s supply chain. “By providing affordable working capital, we’re enabling distributors to keep shelves stocked and businesses resilient, creating a ripple effect of prosperity across Uganda,” she said.
Unilever Uganda’s Managing Director, Luck Ochieng, joined virtually from Nairobi, framing the partnership as part of a regional vision. “This collaboration with Equity Bank across Kenya, Rwanda, and Uganda is a bold step toward empowering SMEs and driving sustainable growth in trade and distribution,” he said.
Among the beneficiaries poised to reap the rewards are local entrepreneurs Steve Mambo and Rose Kamoga, whose businesses are set to flourish under this initiative. Steve Mambo, a Kampala-based distributor supplying Unilever products to retailers in the Central Region, expressed gratitude for the partnership. “This Eazzystock loan is a game-changer for me. With access to up to UGX 1 billion without collateral, I can stock more products, meet demand faster, and grow my business without the stress of cash flow gaps. It’s like Equity and Unilever have handed me the keys to expansion,” Mambo said, his enthusiasm palpable.
Rose Kamoga, a retailer operating multiple outlets in Wakiso, echoed Mambo’s excitement. “As a small business owner, managing inventory has always been a challenge. This partnership means I can access affordable loans to keep my shelves full and my customers happy. The flexible terms and low fees make it feel like Equity and Unilever are truly invested in my success,” she said, beaming with optimism.
This initiative reflects a broader trend of private-sector collaborations aimed at bolstering SMEs in Uganda’s FMCG sector. By enhancing liquidity and operational efficiency, the Equity-Unilever partnership is poised to fortify the retail and distribution ecosystem, ensuring products like Unilever’s iconic soaps and household goods reach every corner of the country. For entrepreneurs like Mambo and Kamoga, this is more than a financial boost—it’s a catalyst for dreams, growth, and a stronger, more inclusive economy.
As Uganda’s business landscape evolves, this partnership stands as a testament to the power of collaboration in driving economic transformation. With Equity Bank and Unilever leading the charge, the future looks bright for distributors and retailers nationwide.
