Money lenders
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News
Museveni announces plan to increase PDM funding
KYANKWANZI, April 20, 2025 –– President Yoweri Museveni recently visited Kyankwanzi district as part of his ongoing assessment of the Parish Development Model [PDM], Uganda’s flagship initiative aimed at eradicating household poverty…
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Opinions & Commentary
Credit referencing in Uganda: Unlocking opportunities for growth
KAMPALA, March 12, 2025 –– Uganda has a diverse range of credit providers, including commercial banks, credit institutions, and Microfinance Deposit-Taking Institutions [Tier 1 to Tier 3 financial institutions], Deposit-Taking Microfinance Institutions,…
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News
Greater Apac Muslim women call for special empowerment grant
APAC, March 3, 2025 – Muslim women in the Greater Apac region have called on government to urgently establish a special empowerment grant to support them in their fight against household poverty.…
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News
National IDs recovered from money lenders in Mbarara City
MBARARA CITY, February 25, 2025 – Mbarara City Resident City Commissioner [RCC], Catherine Helen Kamwine has recovered around 10 national identity cards that had been confiscated by money lenders operating in the…
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News
Govt to tame money lenders over confiscation of national IDs
KAMPALA, January 26, 2025 — The Prime Minister, Robinah Nabbanja, has condemned the confiscation of National Identity Cards [IDs] by money lenders as collateral for loans, describing the practice as a violation…
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News
Museveni to set up boda boda loan schemes
IGANGA, January 25, 2025 – President Yoweri Museveni plans to set up loan schemes for boda boda riders in Uganda, with an intent of saving them from exploitation by private companies giving…
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News
Gov’t asked to deal with illegal online money lenders
KAMPALA, December 21, 2024 – The Ministry of Finance, Planning and Economic Development has been given to respond to the claims that local online money lenders are harassing Ugandans including top government…
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News
Money lending: Mbarara leaders welcome 2.8 percent interest rate cap
MBARARA, December 6, 2024 – Leaders from Mbarara and the broader Ankole Sub-region have praised the government for introducing an interest rate of 2.8 percent per month on loans charged by the…
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News
Multiple loans drive teachers to flee Nebbi schools
NEBBI, November 27, 2024 – Four months have passed, and the Education Department in Nebbi Municipality is still unable to locate three teachers who reportedly disappeared from their schools, fearing arrest by…
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News
Money lenders in Lira City arrested over retaining clients’ national IDs as collateral
LIRA CITY, August 6, 2024 – Police in Lira City West Division have arrested three money lenders in Lira City for allegedly keeping the national identity cards [IDs] of their clients as…
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