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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.
This is a list of regulated "Microfinance Deposit-taking Institutions" in Uganda. They are supervised and regulated by the Uganda Microfinance Regulatory Authority (UMRA). [1] FINCA Uganda Limited [2] Pride Microfinance Limited [2] UGAFODE Microfinance Limited [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.
Equity Bank Uganda Limited, part of Equity Group; Exim Bank Uganda Limited, part of Exim Bank Group; Finance Trust Bank Limited; Housing Finance Bank Uganda Limited, state-owned; KCB Bank Uganda Limited, part of KCB Group; NCBA Bank Uganda Limited, part of NCBA Group; I&M Bank (Uganda) Limited, part of I&M Bank Group
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. [6]
FINCA Uganda Limited, also known as FINCA Uganda, is a microfinance deposit-accepting institution (MDI) in Uganda. It is licensed and regulated by the Bank of Uganda , the central bank and national banking regulator.
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 institution was established in Uganda in 2006, as BRAC Microfinance Limited, with the objective of expanding financial inclusion in the country and serving the rural poor, specially women. At the time it acquired Tier II banking status in April 2019, the bank served over 270,000 customers in at least 80 of Uganda's 136 districts. [6] [7]