SYPO [SEP] inception
SYPO
Stichting SYPO is a Dutch NGO established in 2003, with the objective to 'offer structural aid in Uganda by initiating and supporting projects with a sustainable, entrepreneurial character'. SYPO focuses on microfinance and SME financing in rural areas. The NGO has confined its operations to the former Mukono District. SYPO works with around fifteen volunteers in the Netherlands, and works with paid employees and partner projects Uganda. The core focus of SYPO is microfinance, through its Ugandan subsidiary SYPO Uganda Ltd. The main achievement of SYPO has been
a website to be named 'SYPO microbanking', modeled after the Kiva peer to peer lending scheme. SYPO microbanking offers the possibility of limited contact between funder and borrower through updates and six-monthly questions. SYPO has plans to use both the database SYMBA and SYPO microbanking technology to help other starting microfinance institutions in the future.
Organisation.
SYPO is a Dutch NGO registered in the Dutch chamber of commerce, and recognised by the Dutch Tax Administration as an algemeen nut beogende instelling, exempting donations to SYPO from taxation