Money lenders
-
Cooperatives & Communities
Capital for microfinance institutions set at Shs 5 billion
KAMPALA– Microfinance Deposit Taking Institutions [MDIs] be required to have minimum capital of Shs 5 billion in order to operate in Uganda. The is contained in a statutory instrument on revision of…
Read More » -
Northern
Equity Bank readies loans for small enterprises in Acholi
GULU – Equity Bank Uganda has committed to supporting small-scale enterprises in Acholi Sub-region so that they can sustain their operations. At least 1,000 market vendors in Gulu City and its neighboring…
Read More » -
Northern
GULU: Money lenders accused of retaining national ID cards of borrowers
GULU – The authorities of Gulu City have raised concern over a number of national identity cards [ ID cards ] being retained by money lenders and microfinance institutions operating in the…
Read More » -
Cooperatives & Communities
UMRA cautions money lenders after murder of Asian businessman
KAMPALA – Tier 4 Microfinance institutions and money lenders in Uganda have been advised to be cautious when dealing with borrowers after a police officer shot dead an Asian businessman in Kampala…
Read More » -
Development
Bugisu women choking on loans from illegal money lenders
MBALE- There is a growing concern as some businesswomen in Bugisu Sub-region choke on small loans given by unlicensed money lenders. The unlicensed moneylenders nicknamed ‘Team No Sleep’ have caused havoc in…
Read More » -
Cooperatives & Communities
Mayuge RDC gives money lenders ultimatum to return clients’ IDs
MAYUGE – The deputy resident district commissioner Mayuge, Trevor Solomon Baleke has issued an ultimatum to all money lenders in the district to return all national identification cards [ IDs ] confiscated…
Read More » -
Cooperatives & Communities
UMRA, URSB summon money lenders for crucial meeting in Kampala
KAMPALA – The Uganda Microfinance Regulatory Authority [ UMRA ] in partnership with Uganda Registration Services Bureau [URSB] has organised a workshop aimed at sensitising selected money lending companies in the country…
Read More » -
Cooperatives & Communities
Rogue Money Lenders Kicked Out of Kikuube
KIKUUBE – Kikuube local government together with the office of the Resident District Commissioner (RDC) have ordered all rogue money lenders (Bank Etambula) operating in the district to stop operating their business…
Read More »