Platinum Credit Uganda, the microfinance subsidiary of The Platcorp Group, has secured a $4 million investment from Swiss asset manager Symbiotics to expand lending to underserved communities and small businesses across the country. The 24-month facility, disbursed in December 2025, is intended to scale financial solutions tailored to low-income households and micro, small, and medium enterprises (MSMEs), sectors that have traditionally faced challenges in accessing formal credit.
MSMEs make up the bulk of Uganda’s private sector and play a vital role in job creation and economic growth, yet many struggle to obtain the working capital needed to expand due to systemic financing barriers. With the funding now available, Platinum Credit Uganda has begun rolling out enhanced loan offerings in phases, allowing applications through both its branch network and digital platforms to reach a wider range of clients.
Executives from both organizations highlighted the strategic importance of the transaction in advancing financial inclusion. Duncan Frayne, Symbiotics’ Regional Director for Sub-Saharan Africa, noted that the investment supports the growth of Platinum Credit Uganda’s MSME portfolio and reinforces the role of inclusive finance in sustainable economic development.
Brett Sievwright, CEO of Platcorp, described the funding as a catalyst for improving access to finance among underserved groups and a key element of the company’s broader strategy for impact-focused capital deployment across Africa. Albert Abaasa, Managing Director of Platinum Credit Uganda, emphasized that the new resources are expected to generate tangible community benefits, stimulate business growth, and help close the financial access gap that has limited many entrepreneurs.
Abaasa also highlighted that Uganda’s abundant entrepreneurial talent has often been overlooked by traditional lenders, and that microfinance can be pivotal in unlocking economic potential at the grassroots level. The investment reflects growing global interest from impact investors in African microfinance institutions that deliver both financial returns and measurable social outcomes, particularly in regions where access to credit remains limited.
