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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]
UGAFODE Microfinance Limited (MDI), commonly known as UGAFODE, is a microfinance institution in Uganda. It is registered and licensed as microfinance deposit-taking institution (MDI) by the Bank of Uganda, the Central Bank and national banking regulator. [3] UGAFODE was the fourth MDI registered in Uganda. [4] [5]
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(EFCUL), also known as EFC Uganda, was a microfinance deposit-taking institution (MDI) in Uganda whose license was withdrawn and liquidated by Bank of Uganda on 19 January 2024.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 ]
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.
As far back as 2013, the government of Uganda announced its intentions to create a government agency to regulate money lenders who were not regulated by the central bank. [3] In May 2016, the Parliament of Uganda passed the Tier IV Microfinance Institutions Act, to take effect on 1 July 2017. The establishment of the UMRA was a key provision of ...
These included KCB Bank Uganda Limited, Equity Bank Uganda Limited, GT Bank Uganda, Global Trust Bank, United Bank for Africa, Ecobank, and Housing Finance Bank. Three other banks, ABC Bank (Kenya), Access Bank from Nigeria, and CRDB Bank from Tanzania, publicly declared their intention to start banking operations in Uganda. [11]
Yako Bank was incorporated in 2010. It began offering services as a deposit-taking microfinance institution in September 2015, under the name Yako Microfinance Uganda Limited. [5] In 2020, the institution received a Tier II credit bank license from the Bank of Uganda. The institution rebranded to Yako Bank Uganda Limited. Under its license, it ...
The institution was founded in 2005 as Micro Provident Uganda Limited. In 2012, the business re-branded to Letshego Uganda Limited. In 2013, Letshego Holdings Limited acquired control of Micro Africa Limited, a Kenya-based microfinance institution with subsidiaries in Kenya, Rwanda, Uganda, and South Sudan. The two operations in Uganda were ...