How Kuula loans work.
Six steps. Two months from first conversation to first loan. No surprises along the way.
STEP 01
Form your group
Find 4 to 6 other business owners you know and trust. They should operate near you and have been in business at least 12 months.
STEP 02
Meet our team
We come to you, not the other way around. Your group meets one of our officers at your market, stage, or neighborhood.
STEP 03
Complete registration
Each member registers with their National ID, mobile money history, business details, and a reference from your local leader.
STEP 04
Four-week probation
Your group meets weekly to build trust and learn how the loan process works. No money is given yet. Small group savings are collected each week.
STEP 05
First loans
After successful probation, each group member can apply for a Tier 1 loan: 300,000 to 500,000 UGX, repaid weekly over 8 weeks.
STEP 06
Grow together
Repay on time, and your group qualifies for larger loans on better terms. Up to 5 million UGX per member as you build a track record.
The loan tiers.
Each tier unlocks the next as you build a repayment track record with us.
| Tier | Amount | Term | Repayment |
|---|---|---|---|
| Tier 1 | 300,000 – 500,000 UGX | 8 weeks | Weekly |
| Tier 2 | 500,000 – 1,000,000 UGX | 10 weeks | Weekly |
| Tier 3 | 1,000,000 – 1,500,000 UGX | 12 weeks | Weekly |
| Tier 4 | 1,500,000 – 2,500,000 UGX | 16 weeks | Bi-weekly |
| Tier 5 | 2,500,000 – 5,000,000 UGX | 20 weeks | Individual loan |
| Tier 6 | 5,000,000 – 10,000,000 UGX | 6 months | SME loan |
Frequently asked questions.
Do I need land collateral?
No. Your group members are your guarantee.
What is the interest rate?
10% per month flat on the loan principal. We'll always show you the exact total cost before you sign anything.
What if one group member can't pay one week?
The group's shared savings cover small shortfalls. The group helps that member catch up. Cross-guarantee means everyone helps everyone.
What if I want to leave a group?
You can leave between loan cycles, after your current loan is fully repaid. We'll work with you on the timing.
Can men join?
Yes. Kuula is open to all small business owners. About 65% of our borrowers are women, but groups can be all-women, all-men, or mixed — whatever works for the group members.
Ready to start?
We arrange visits to organized groups — markets, stages, or community clusters.