FINCA Uganda Limited, also known as FINCA Uganda, is a microfinance deposit-accepting institution (MDI) in
Uganda
Uganda, officially the Republic of Uganda, is a landlocked country in East Africa. It is bordered to the east by Kenya, to the north by South Sudan, to the west by the Democratic Republic of the Congo, to the south-west by Rwanda, and to the ...
. It is licensed and regulated by the
Bank of Uganda
The Bank of Uganda () is the central bank of Uganda. Established in 1966, by Act of Parliament, the bank is wholly owned by the government but is not a government department.
History
In 1979 and again in 1987, the Bank of Uganda managed to ma ...
, the central bank and national banking regulator.
Location
The headquarters of FINCA Uganda Limited are located at Plot 11B Acacia Avenue in
Kampala Central Division
Kampala Central Division is one of the five divisions that make up Kampala, the capital of Uganda. The city's five divisions are:
(a) Kampala Central Division (b) Kawempe Division (c) Lubaga Division (d) Makindye Division and (e) Nakawa Divisi ...
, one of the five administrative divisions of the city of
Kampala
Kampala (, ) is the Capital city, capital and largest city of Uganda. The city proper has a population of 1,875,834 (2024) and is divided into the five political divisions of Kampala Central Division, Kampala, Kawempe Division, Kawempe, Makindy ...
, Uganda's capital and largest city, about north of the city centre. The coordinates of the company headquarters are 00°20'07.0"N, 32°35'16.0"E (Latitude:0.335278; Longitude:32.587778).
Overview
FINCA Uganda was licensed as an MDI in 2004, although the institution has been in the country since 1992.
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
Standard of living is the level of income, comforts and services available to an individual, community or society. A contributing factor to an individual's quality of life, standard of living is generally concerned with objective metrics outsid ...
. As an MDI, FINCA Uganda is a Tier III Financial Institution. It is therefore prohibited from dealing in foreign exchange and cannot issue checking accounts.
As of December 2015, the institution's asset base was UGX:128.51 billion, with shareholders' equity of UGX:42.67 billion.
FINCA Uganda was one of the first financial institutions in Uganda to introduce biometric technology in 2011.
Ownership
It is a subsidiary and member organization of
FINCA International
FINCA International is a non-profit, microfinance organization, founded by John Hatch in 1984. FINCA is the innovator of the village banking methodology in microcredit and is widely regarded as one of the pioneers of modern-day microfinance. ...
, headquartered in the United States.
See also
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Banking in Uganda
Before Uganda's independence in 1962, the main banks in Uganda were Barclays (UK based); Grindlays (also UK), Standard Bank (South Africa based) and the Bank of Baroda from India. The currency was issued by the East African Currency Board, a Lon ...
*
List of banks in Uganda
This is a list of commercial banks and other credit institutions in Uganda, as updated March 2023 by the Bank of Uganda and taking into account the more recent downgrading of three banks to other credit institutions.
List of commercial banks
* ...
*
List of microfinance deposit-taking institutions in Uganda
*
UGAFODE Microfinance Limited
*
Pride Microfinance Limited
Pride Bank Limited, is a Tier II credit institution in Uganda. It is licensed by the Bank of Uganda, the central bank and national banking regulator.
Overview
, the institution's total assets were valued at UGX:455,557,125,000 (approx. US$125.5 ...
References
External links
Website of FINCA Uganda Limited
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Banks of Uganda
Companies based in Kampala
1992 establishments in Uganda
Banks established in 1992