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F r o m W i k i p e d i a , t h e f r e e e n c y c l o p e d i a
UGAFODE Microfinance Limited , commonly known as UGAFODE , is a microfinance institution in Uganda . It is registered and licensed as microfinance deposit-accepting 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]
History [ edit ]
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]
In 2011, the institution accepted eight new shareholders, including Ezra Suruma , Uganda minister of finance from 2005 until 2009 and senior adviser for finance and planning to the President of Uganda .[7] Suruma also had an ownership interest in the National Bank of Commerce (Uganda) , a Tier I commercial bank , which was closed in 2012.[8]
An application was made to the Bank of Uganda for the issuance of an MDI banking license. In October 2011, a Tier III MDI licence was granted, and MDI operations began on 10 October 2011.
As of March 2014[update] , the institution's total assets were about US$10.07 million (UGX:25.34 billion), with shareholders' equity of about US$2.25 million (UGX:5.66 billion).[9]
Branch network [ edit ]
As of December 2013[update] , the institution maintained branches at the following locations, arranged alphabetically:[10]
Bombo Road Branch - Silva Arcade, 62 Bombo Road, Kampala Main Branch
Ibanda Branch - Adam's Building, Main Street, Ibanda
Ishaka Branch - 33 Rukungiri Road, Ishaka
Kagadi Branch - 241-242 Isunga Road, Kagadi
Kyotera Branch - 184-753 Mutukula Road, Kyotera
Lira Branch - Plot 8A, Soroti Road, Lira
Lyantonde Branch - 215-76 Main Street, Lyantonde
Mbarara Branch - 23 Bananuka Drive, Mbarara
Mpigi Branch - Continental House, Mpigi
Nkrumah Road Branch - 11/13 Nkrumah Road, Kampala
Ntungamo Branch - 69A Kabale Road, Ntungamo
Rubaga Road Branch - 22 Namirembe Road, Kampala
Rukungiri Branch - 5 Rubabo Road, Rukungiri
Lira Branch - Plot 8A Soroti Road, Lira, Lira
Nakivale Refugees settlement Branch, Isingiro
See also [ edit ]
References [ edit ]
^ UGAFODE. "Management Team" . Kampala: UGAFODE Microfinance Limited. Retrieved 15 August 2016 .
^ BOU (31 March 2015). "List of Licensed Microfinance Deposit-Taking Institutions (MDIs)" (PDF) . Kampala: Bank of Uganda (BOU). Retrieved 14 August 2016 .
^ Vision, Reporter (12 July 2011). "Suruma To Start Micro-Finance Bank" . New Vision . Archived from the original on 2 July 2014. Retrieved 29 June 2014 .
^ "Licensed Microfinace Deposit-Taking Institutions (MDIs)" (pdf) . Bank of Uganda . June 30, 2022.
^ UGAFODE. "Profile of UGAFODE Microfinance Limited" . UGAFODE Microfinance Limited. Archived from the original on 3 November 2012. Retrieved 29 June 2014 .
^ "Ezra Suruma, Former Ugandan Finance Minister, Joins Brookings" . Brookings Institution . 23 April 2010. Archived from the original on 4 March 2016. Retrieved 29 June 2014 .
^ Mbanga, Jeff (27 September 2012). "National Bank of Commerce closed" . The Observer (Uganda) . Retrieved 29 June 2014 .
^ ↑MixMarket (31 March 2014). "MFI Report: UGAFODE Microfinance Limited (MDI) - 31 March 2014" . MixMarket.org. Archived from the original on 7 April 2012. Retrieved 29 June 2014 .
^ UGAFODE. "List of UGAFODE Branches" . UGAFODE Microfinance Limited. Archived from the original on 3 November 2012. Retrieved 29 June 2014 .
R e t r i e v e d f r o m " https://en.wikipedia.org/w/index.php?title=UGAFODE_Microfinance_Limited&oldid=1145812332 "
C a t e g o r i e s :
● B a n k s o f U g a n d a
● B a n k s e s t a b l i s h e d i n 1 9 9 4
● 1 9 9 4 e s t a b l i s h m e n t s i n U g a n d a
● C o m p a n i e s b a s e d i n K a m p a l a
H i d d e n c a t e g o r i e s :
● A r t i c l e s c o n t a i n i n g p o t e n t i a l l y d a t e d s t a t e m e n t s f r o m M a r c h 2 0 1 4
● A l l a r t i c l e s c o n t a i n i n g p o t e n t i a l l y d a t e d s t a t e m e n t s
● A r t i c l e s c o n t a i n i n g p o t e n t i a l l y d a t e d s t a t e m e n t s f r o m D e c e m b e r 2 0 1 3
● T h i s p a g e w a s l a s t e d i t e d o n 2 1 M a r c h 2 0 2 3 , a t 0 3 : 2 8 ( U T C ) .
● T e x t i s a v a i l a b l e u n d e r t h e C r e a t i v e C o m m o n s A t t r i b u t i o n - S h a r e A l i k e L i c e n s e 4 . 0 ;
a d d i t i o n a l t e r m s m a y a p p l y . B y u s i n g t h i s s i t e , y o u a g r e e t o t h e T e r m s o f U s e a n d P r i v a c y P o l i c y . W i k i p e d i a ® i s a r e g i s t e r e d t r a d e m a r k o f t h e W i k i m e d i a F o u n d a t i o n , I n c . , a n o n - p r o f i t o r g a n i z a t i o n .
● P r i v a c y p o l i c y
● A b o u t W i k i p e d i a
● D i s c l a i m e r s
● C o n t a c t W i k i p e d i a
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