FINCA Uganda Limited explained

FINCA Uganda Limited(MDI)
Type:Private
Foundation:1992
Location:Plot 11B Acacia Avenue,
Kampala, Uganda
Key People:James Onyutta
managing director
Num Employees:550+
Assets:UGX:128.51 billion
Industry:Financial services
Products:Loans, savings,Money Transfers
Homepage:Homepage

FINCA Uganda Limited, also known as FINCA Uganda, is a microfinance deposit-accepting institution (MDI) in Uganda. It is licensed and regulated by the Bank of Uganda, the central bank and national banking regulator.[1]

Location

The headquarters of FINCA Uganda Limited are located at Plot 11B Acacia Avenue in Kampala Central Division, one of the five administrative divisions of the city of Kampala, Uganda's capital and largest city, about 5km (03miles) 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.[2]

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 an MDI, FINCA Uganda is a Tier III Financial Institution. It is therefore prohibited from dealing in foreign exchange and cannot issue checking accounts.[3]

As of December 2015, the institution's asset base was UGX:128.51 billion, with shareholders' equity of UGX:42.67 billion.[4]

FINCA Uganda was one of the first financial institutions in Uganda to introduce biometric technology in 2011.[5]

Ownership

It is a subsidiary and member organization of FINCA International, headquartered in the United States.[6]

Products and services

As of 2014, the financial services offered by FINCA Uganda included:[7]

Branches

As of June 2014, FINCA Uganda maintained 26 inter-linked branches nationwide, at the following locations:[8]

  1. Ben Kiwanuka Branch - 22 Ben Kiwanuka Street, Kampala
  2. Katwe Branch - Katwe Road, Katwe, Kampala
  3. Kireka Branch - Kampala-Jinja Highway, Kireka, Kira Municipality
  4. Kawempe Branch - Bombo Road, Kawempe, Kampala
  5. Naakulabye Branch - Hoima Road, Naakulabye, Kampala
  6. Mukono Branch - Kampala-Jinja Road, Mukono
  7. Mityana Branch - Station Road, Mityana
  8. Nakasongola Branch - Lwampanga Road, Nakasongola
  9. Masaka Branch - Edward Avenue, Masaka
  10. Kyotera Branch - Bukoba Road, Kyotera
  11. Sembabule Branch - Mubende Road, Sembabule
  12. Mbarara Branch - Masaka Road, Mbarara
  13. Kabale Branch - Kisoro Road, Kabale
  14. Fort Portal Branch - Rukidi III Street, Fort Portal
  15. Jinja Branch - Lubas Road, Jinja
  16. Kamuli Branch - Kitimbo Road, Kamuli
  17. Iganga Branch - Main Street, Iganga
  18. Mbale Branch - Republic Street, Mbale
  19. Busia Branch - Jinja Road, Busia
  20. Lira Branch - Obote Avenue, Lira
  21. Gulu Branch - Labwor Road, Gulu
  22. Arua Branch - Taban Lane, Arua
  23. Koboko Branch - Central Road, Koboko
  24. Masindi Branch - Masindi Port Road, Masindi
  25. Hoima Branch - Old Toro Road, Hoima
  26. Ntinda Branch - Ntinda Trading Centre, Ntinda Road, Ntinda, Kampala.
  27. Acacia Branch - 11 Acacia Avenue, Kampala (Head Office)[9]

See also

External links

0.3353°N 32.5878°W

Notes and References

  1. Web site: 24 July 2017 . List of Licensed Microfinance Deposit-Taking Institutions (MDIs), As at 5 September 2016 . PDF . . BOU . Kampala . 5 September 2016 .
  2. Web site: FINCA International: Who We Are: History . 12 August 2014 . 2013 . FINCA International (FINCA) . FINCA . Washington, D. C..
  3. Web site: 12 August 2016 . PDF . Uganda: Wharton Financial Institutions Center . . Michael Dzineku . etal . Philadelphia, Pennsylvania, USA . 2009 . https://web.archive.org/web/20161012014624/http://fic.wharton.upenn.edu/fic/africa/Uganda%20Final.pdf . 12 October 2016 . dead .
  4. Web site: Summarised Audited financial statements for the year ended 31 December 2015 . PDF . 13 August 2016 . 12 April 2016 . FINCA Uganda . FINCA Uganda Limited . Kampala.
  5. Web site: Kulabako . Technology Spurring Innovations In Banking . Faridah . 6 May 2011 . 3 July 2014 . . 10 June 2015 . https://web.archive.org/web/20150610131254/http://mobile.monitor.co.ug/Business/-/1055106/1157122/-/format/xhtml/-/rxu1jh/-/index.html . dead .
  6. Web site: 12 November 2015 . FINCA Launches Offices . Vision Reporter . Kampala . 13 August 2016 . New Vision.
  7. Web site: Finca Uganda Launches Loan Promo . 10 June 2014 . Andrew . Kaggwa . 3 July 2014 . The Observer (Uganda).
  8. Web site: The Branches of FINCA Uganda Microfinance Limited . FINCA . 3 July 2014 . 2011 . FINCA International.
  9. Web site: Finance minister advises Finca to graduate into commercial bank . Zurah . Nakabugo . 18 November 2015 . 13 August 2016 . Kampala . The Observer (Uganda).

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