Annual Report: Balloon 2020-2021 – Balloon Ventures

Annual Report Published

We’ve published our Annual Report and Accounts for 2020-2021.

Click here for full access.

As with many other organisations, much of this year has involved navigating the impacts of Covid-19. In Kenya and Uganda there were various government enforced lockdowns. In response we rescheduled loans and offered interest free loan holidays and provided emergency short-term loans to help businesses survive. For around 5 months we paused investments in new clients, as the travel bans, sector closures and other uncertainties made the risks too high. In the second half of the year, as the economies reopened, we restarted investments and worked back to our initial growth targets.

Thanks to the hard work of our incredible team and the essential support of partners, we’ve had another successful year despite the challenges.

Contact us at info@balloonventures.com