On 9th September, 2006, the Group marked one (1) year of investing together.

Having begun the year as a fledgling micro-finance outfit with a revolving budget of USD 650, the company has registered impressive growth in its flagship microfinance business.

This has not been without a fair share of struggles mainly delayed harvesting of interest incomes and defaults on loans disbursed. Nevertheless, the company’s Non-Performing Loan (NPL) portfolio was relatively low at 87% of all loans disbursed.

It is the company’s determination to grow this micro-credit arm further given the experienced gained through the year, whilst also diversifying into new investment opportunities to diversify its portfolio.

The event was marked with the re-launch of the Group Website (www.ubuntugroup.org) and the release of The Group’s Five Year Strategy.