A beacon of hope for the poorest of the poor
Muvule Financing Ltd is revolutionizing the way we fight poverty. Founded in 2019 by Moses Muwanguzi and Clark Varin, their mission is to provide microloans to those living in poverty across Sub-Saharan Africa, starting with Uganda. For over three years now, this purpose-driven organization has been helping some of the world’s poorest people create better lives for themselves and take control of their financial future so that they can break free from the cycle of poverty.
This remarkable company has not only survived, but thrived through all the hardships caused by 2020 pandemic, has transformed nearly a dozen local economies across Uganda and has proven to be a beacon of hope for millions who are still struggling with poverty across Africa.
Muvule was founded by American entrepreneur Clark Varin and local Ugandan serial entrepreneur, Moses Muwanguzi. This international partnership was a match made in heaven but it begs the question: How did it happen?
Clark and Moses’ early careers both started in the travel industry. Clark had started a travel agency for college students called Travel Young and Moses had started a tour operator for African Safaris called Kisa Safaris. After over two years of communication, Clark visited Moses in Uganda to discuss a partnership. Unbeknowst to either Clark or Moses they both had a passion for microfinance. On the last day of his trip, Clark asked Moses if he knew anyone in the microfinance industry and, Moses responded, “ME!”. Moses had the educational background, business plan, and he already knew what they were going to name the company, “MUVULE”!
Muvule (pronounced “moo-VOO-leh”) is a sacred tree known across Sub-Saharan Africa for being a valuable slow-growing tree with wide branches that provides for a large community of birds and wildlife. At Muvule Financing, it’s a symbol of slow and steady economic growth that generates distributed wealth that provides for everyone in a community.
During our grand opening launch party in Kampala, Uganda, Moses announced the name “Muvule” to our client base and the crowd roared with claps and cheers! Muvule is a well understood symbol in Africa.
Muvule’s Secret To Rapid Success
Just eight months after Muvule had launched, over two hundred people in Uganda gathered together to celebrte Muvule’s early success. Even the Minister of Microfinance showed up to publicly announce that “In [her] 50 years working in microfinance, no institution has been more promising than Muvule”.
Ever since Muvule started, competitors have been trying to figure out how they’ve been able to outperform even the most reputable orgnizations, but what they don’t understand is that it’s more than just numbers and operations. Muvule is a CULTURE it’s a community-led movement that stands for hope, is built on faith and is led by leaders with good intentions.