U-GAIN
U-GAIN is the first mobile based retail note in Zimbabwe which was launced by UNTU Captial in December of 2017. The mobile based retail note's target is ordinary Zimbabweans. U-GAIN can primarily be purchased via the mobile money platforms of Ecocash and Telecash, eliminating the need for investors to leave the comfort of their own homes to make their transaction.
Key Features
One of the key features of U-Gain is the ability to invest using mobile money platforms, which allows everyone to participate. The note was created in recognition of the fact that there are a number of individuals in the country who don’t have bank accounts and transact using mobile money.
Benefits
U-Gain has a tenure of 12 months. Investors will earn 9% per year. This interest will be paid out semi-annually. U-Gain Notes are listed on the FINSEC stock market and are tradable after the offer period, allowing investors flexibility.
The benefit of the Note being listed on the stock exchange is it allows the investor to sell the note in the marketplace, which is the stock exchange, and obtain proceeds at whatever the prevailing price will be when the investor decides to sell.
This investment option created an alternative channel for many ordinary Zimbabweans (who would not normally have the chance) to invest on the stock exchange. The availability of the Note via mobile money platforms makes it a desirable option for many Zimbabweans seeking new avenues for investing. Every Zimbabwean has the opportunity to build an investment portfolio should they chose to take up this option by Untu Capital.
- U-Gain is listed on the Stock Exchange and is therefore subject to scrutiny.
- U-Gain is being issued by a microfinance institution with a proven track record of high asset quality, clean audit, and thousands of satisfied customers.
- U-Gain is secured with security administered by Custodian and Trustee.
What does it do?
U-GAIN seeks to give better value, more options and better returns to the micro entrepreneur, micro-saver. Each note you buy will gain 9% interest over a period of one year.
How does it work
Everything big started small. U-gain is affordable and accessible. For as little as $50.00 you can purchase your U-Gain. U-gain is available on Mobile Network Operators, Econet and Telecel. Just dial *151# (Ecocash) or *707# (Telecash) and follow the instructions. You don’t even have to leave your house to make the transaction.
