Letshego Microfinance Uganda Explained

Letshego Uganda Limited
Type:Private
Location:Kololo, Kampala, Uganda
Key People:Giles Germany Aijukwe
chief executive officer[1]
Industry:Financial services
Products:Loans, savings accounts
Assets:US$36.4 million (UGX:91 billion) (2013)[2]
Homepage:Homepage

Letshego Microfinance Uganda, (also Letshego Microfinance Uganda Limited (LMUL)), whose official name is Letshego Uganda Limited, is a Tier IV microfinance institution in Uganda.

LMUL is a microfinance company that offers SME loans, mortgage loans, and education loans, among other forms of lending. The company also offers savings accounts.[3]

As of December 2013, LMUL's assets were valued at UGX:91 billion (US$36.4 million) and it had a loan portfolio of UGX:58 billion ($23.2 million). Total customer deposits stood at UGX:43 billion ($17.2 million). At that time, the institution had 32 branches.[3]

History

The institution was founded in 2005 as Micro Provident Uganda Limited. In 2012, the business re-branded to Letshego Uganda Limited. In 2013, Letshego Holdings Limited acquired control of Micro Africa Limited, a Kenya-based microfinance institution with subsidiaries in Kenya, Rwanda, Uganda, and South Sudan. The two operations in Uganda were merged to form Letshego Microfinance Uganda Limited.[4] [5]

Location

LMUL's headquarters are located at 9 Wampewo Avenue on Kololo Hill, a business and residential neighborhood within the city of Kampala, Uganda's capital. This is approximately 3km (02miles) north-east of the city center.[6] The coordinates of the institution's headquarters are 00°19'23.0"N, 32°35'47.0"E (Latitude:0.323056; Longitude:32.596389).

Ownership

The company is majority owned by Letshego Holdings Limited, a publicly traded holding company of financial services subsidiaries in Botswana, Burundi, Eswatini, Kenya, Lesotho, Mozambique, Namibia, Nigeria, Rwanda, Tanzania, and Uganda.[5] [7]

Branch network

The branch network of LMUL included the following locations as of August 2016.[8]

  1. Kololo Branch - 9 Wampewo Avenue, Kololo, Kampala Head Office
  2. Arua Branch - 47 Adumi Road, Arua
  3. Apac Branch - Hospital Road, Apac
  4. Bundibugyo Branch - 2 Vanilla Street, Bundibugyo
  5. Bushenyi Branch - 9 High Street, Bushenyi
  6. Tororo Branch - 5-17 Nagongera Road, Tororo
  7. Gulu Branch - 13 Awere Road, Gulu
  8. Iganga Branch - 4B Obojja Road, Iganga
  9. Ibanda Branch - 12 Bufunda Road, Ibanda
  10. Jinja Branch 1 - 54 Iganga Road, Jinja
  11. Jinja Branch 2 - 51-53 Lubas Road, Jinja
  12. Soroti Branch - 59B Gweri Road, Soroti
  13. Mbale Branch - BCU Building, 12 Manafwa Road, Mbale
  14. Kamuli Branch - 14 Gabula Kitimbo Road, Kamuli
    1. Kabwohe Branch - 67 Mbarara-Ishaka Road, Kabwohe Kajjansi Branch - 383 Kampala-Entebbe Road, Kajjansi
  15. Kanungu Branch - Independence Road, Kanungu
  16. Kasese Branch - Rwenzori Road, Kasese
  17. Kibaale Branch - 1 Isuunga Road, Kibaale
  18. Kiboga Branch - Kampala-Hoima Road, Kiboga
  19. Kireka Branch - 336 Kampala-Jinja Road, Kireka
  20. Kisozi Complex Branch - 8 Kisozi Complex, Kyaggwe Road, Nakasero, Kampala
  21. Kisoro Branch - 30 Kabale Road, Kisoro
  22. Kitgum Branch - 107 Uhuru Drive, Kitgum
  23. Kotido Branch - 20 London Road, Kotido
  24. Kyotera Branch - 238 Bukoba Road, Kyotera
  25. Kumi Branch - 14 Oumo Road, Kumi
  26. Lira Branch - 114 Oyam Road, Lira
  27. Luweero Branch - 739 Kampala-Gulu Road, Luweero
  28. Masaka Branch - 16 Edward Street, Masaka
  29. Masindi Branch - 91 Masindi Port Road, Masindi
  30. Fort Portal Branch - 3 Rukidi III Street, Fort Portal
  31. Mayuge Branch - 11 Bugade Road, Mayuge
  32. Kapchorwa Branch 1 - 32A Kapchorwa-Mbale Road, Kapchorwa
  33. Kapchorwa Branch 2 -23 Gogonya Road, Kapchorwa
  34. Mbarara Branch - 16-18 Bananuka Drive, Mbarara
  35. Mityana Branch - 425 Mityana Road, Mityana
  36. Moroto Branch - Moroto-Napak Road, Moroto
  37. Moyo Branch - Laura House, Besia Village, Moyo
  38. Mpigi Branch - 195 Butambala Road, Mpigi
  39. Nateete Branch - Marvin House, 962 Kampala-Masaka Road, Nateete
  40. Nebbi Branch - 19 Arua Road, Nebbi
  41. Ntungamo Branch - 8 Kabale Road
  42. Rukungiri Branch - 31 Rubabo Road, Rukungiri
  43. Kabale Branch - 88 Kisoro Road, Kabale
  44. Koboko Branch - Samuel Baba Road, Koboko

See also

External links

0.3231°N 32.5964°W

Notes and References

  1. Web site: Letshego Holdings Limited: 2015 Integrated Annual Report . PDF . 13 August 2016 . 31 December 2015 . . Letshego Holdings Limited . Gaborone.
  2. Web site: Letshego raises competition among microfinance firms. Alon . Mwesigwa. 26 February 2014. . 8 August 2016. Kampala.
  3. Web site: Uganda's microfinance sector spreading out. 8 February 2014 . Bernard . Busuulwa . 8 August 2016 . Nairobi . The EastAfrican.
  4. Web site: 8 August 2016 . History of Letshego Microfinance Uganda . 8 August 2016 . Letshego Microfinance Uganda Limited (LMUL) . LMUL . Kampala.
  5. Web site: Letshego: looks back at the last 18 years . 26 July 2016 . 8 August 2016 . 4-Traders.com (4-Traders) . 4-Traders . Annecy, France.
  6. Web site: 8 August 2016 . Distance between Post Office Building, Kampala Road, Kampala, Central Region, Uganda and Letshego, Wampewo Avenue, Kampala, Central Region, Uganda. 8 August 2016 . Globefeed.com . Globefeed.com .
  7. Web site: Taofik . 8 August 2016. Mushin, Lagos, Nigeria . Why we're selling our microfinance subsidiary to Botswana's Letshego, by FirstBank . 14 December 2015 . Salako . The Nation (Nigeria).
  8. Web site: Branch List of Letshego Microfinance Uganda Limited. 8 August 2016 . 8 August 2016 . Kampala . Letshego Microfinance Uganda Limited (LMUL) . LMUL.

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