Wanderers Wealth provides global diversification strategies, helps their clients achieve financial freedom, and save thousands of dollars in tax money.
On the other hand,
we want to contribute to the redistributive impact of low taxes and make a direct social impact by lowering income inequality and by providing economic opportunities to small business owners in low socio-economic positions.
Your pursuit of wealth can help others achieve abundance in their lives as well.
In August 2021 Kathleen, Founder of Wanderers Wealth, contributed to the first micro loan for a small business owner in Uganda.
Ray, a chicken farmer in Gulu, Uganda needed capital for the raw materials to build his chicken farm and to buy more chickens to be able to support his family.
After analysing Ray’s business plan, economic growth opportunity, and setting the terms & conditions for the micro loan the money was transferred to him.
Below you can already see Ray’s chicken farm and what he has done since then with the micro loan.
Ray’s situation is not unique.
Unfortunately, Uganda’s lockdown during the pandemic was among the strictest on the continent; dusk to dawn curfews, public & private transportation grounded, closure of almost all small businesses, and on top of everything, the security forces arbitrarily arrested, beat, and shot civilians during the restrictions.
Despite the pandemic, Uganda is a country with a growing economy and a land of untapped opportunity. People are used to being small business owners to make ends meet. However, oftentimes they don’t have access to financial tools. Most of them don’t even have a bank account.
This is where you can make a massive difference in their life and be the provider of a financial tool in another entrepreneur's life. It’s about supporting another small business owner just like yourself, believing in their potential, and contributing to a significant ripple effect that has the potential to transform entire communities.I want to contribute!
Why am I convinced?
If you know me, then you know that I’m obsessed with understanding how finances work on a global scale. Moreover, I’m obsessed with understanding how one country’s economy can be so different to another country’s economy. Analyzing the tools and incentives that different countries use in order to attract foreign investors and raise their revenues is incredibly fascinating to me (and the very reason why I shine light on tax incentives).
My major in my Bachelor of International Relations at the Global Studies Institute was in Economic History and my final thesis was on Microfinancing in Uganda. So, I’ve been studying this topic in great detail since 2014. I also visited Uganda in the summer of 2013 and volunteered for a social organization that was giving out micro-loans and got to experience firsthand what a difference it can make.
In order to continue this mission, we're opening this project up to our community so that together we can give out more micro-loans to small business owners in Uganda.
By making a loan (NOT a donation) you’re able to help people in poverty buy income-generating assets (such as a sewing machine, a fishing net, bricks to build a shop front etc.) so that they can rapidly increase their incomes and grow their own businesses.
Our goal is to give out more loans and provide financial tools, which is going to support families to put more consistent meals on a table, send their kids more consistently to school, and contribute to building more homes.Provide a loan now!
Got Some Questions?
How does it work?
How will I know if my contribution made an impact?
Who is behind this social enterprise?
Kathleen has been involved in social volunteering opportunities in Asia and Africa. She also volunteered for International Organizations such as the Red Cross, the Global Forum on Migration and Development, and she was selected as a representative for the International Development Youth Forum. Kathleen's final bachelor thesis was centered around women's empowerment through microfinance, which included a literature review from the Graduate Institute of International and Development Studies, combined with an empirical approach based on her fieldwork and interviews conducted on the ground.
Jaron has over a decade of experience working on behalf of vulnerable populations in Eastern Europe and East Africa. With a focus on improving the impact of aid and development, he has worked on a range of issues, including labor rights, human trafficking, and women’s empowerment. Before earning an MBA at Central European University, he lived in Northern Uganda for two years building a social enterprise to benefit a community of internally displaced people. Most recently Jaron has been on the ground in Moldova, Romania, Hungary and Poland in response to the Ukraine refugee crisis as he speaks fluent Russian.