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FINCA Uganda was licensed as an MDI in 2004, although the institution has been in the country since 1992. [4]FINCA provides financial services to Uganda's lowest-income entrepreneurs with the aim of alleviating poverty through lasting solutions that help people to create jobs, build assets, and improve their standard of living.
UGAFODE was founded in 1994 as the Uganda Agency for Development Limited, a non-governmental organization whose primary objective was to provide affordable financial services to its customers. In September 2010, in preparation to become an MDI, UGAFODE Microfinance Limited was incorporated as a limited company.
FINCA International is a non-profit, microfinance organization, founded by John Hatch in 1984. [1] FINCA is the innovator of the village banking methodology in microcredit and is widely regarded as one of the pioneers of modern-day microfinance. [ 2 ]
Location of Uganda. Uganda, officially the Republic of Uganda, is a landlocked country in East Africa. Uganda's economy generates income from annual exports that include coffee ($466.6 million), tea ($72.1 million), and fish ($136.2 million). [1] The country has commenced economic reforms and growth has been robust.
EFC Uganda Limited (EFCUL), also known as EFC Uganda, was a microfinance deposit-taking institution (MDI) in Uganda whose license was withdrawn and liquidated by Bank of Uganda on 19 January 2024. [ 1 ]
On 29 December 2023 the Burundian head of state said he had visited the Sarrai Group in Uganda, which he described as a very efficient company. He had invited them to become partners with SOSUMO , the local sugar company, and claimed that production would rise to 300,000 tons per year after three years of production, with a workforce of 12,000.
The Centenary Group of Companies, commonly referred to as the Centenary Group, is a privately owned conglomerate in Uganda. The anchor company in the group is Centenary Bank, the second-largest commercial bank in Uganda, based on assets. As of 31 December 2021 Centenary Bank had assets valued at USh4.8 trillion (US$1.359 billion).
In 2003, the Uganda government acquired 100 percent shareholding in the enterprise, changing the name to Pride Microfinance Limited Uganda. [3] In 2005, it attained the status of a Tier III (an MDI), according to the Banking Act of 2003.