UNTU CAPITAL LIMITED LAUNCHES THE FIRST MOBILE RETAIL BOND01 Dec 2017
Untu Capital is proud to announce the launch of the first ever mobile retail bond in Zimbabwe called “U-gain”.
U-Gain is a retail debt instrument that is being issued by Untu Capital. It will allow Zimbabwean citizens to lend money to Untu by buying this bond using their mobile phones. Untu has partnered with Telecash and Ecocash in this pioneering event. This initiative advances the cause of financial inclusivity in the country. Less than 10% of the population has traditionally had access to the Capital Markets. This is a game changer and brings the convenience and ease of accessing the Capital Markets through everyone’s mobile phone.
U-gain notes can be bought from as little as $50 and are for a period of 12 months, you also gain 9% interest per annum. These notes will be listed on the Finsec Stock Exchange, which means they will be tradeable and can be bought and sold like shares.
Refer to the U Gain Microsite for more details (www.untu-capital.com/ugain)
U-gain, grow your money!