| LOLC Unguka Finance PLC | |
| Type: | Private |
| Foundation: | 2005 |
| Location: | Kigali, Rwanda |
| Key People: | Justin Kagishiro chief executive officer |
| Industry: | Banking |
| Products: | Loans, Electronic productss, savings, investments, mortgages, Remittances |
| Revenue: | Aftertax: US$387,000+ (RWF:230 million) (2010)[1] |
| Num Employees: | 170 |
LOLC Unguka Finance PLC, commonly known as Unguka Bank, is a microfinance institution in Rwanda. It is one of the MFI licensed by the National Bank of Rwanda, the country's banking regulator.[2]
, UBL was a small but growing financial service provider, whose total asset valuation and shareholders' equity were publicly unknown at this time. At that time, the bank had 556 shareholders and 14 branches.[3]
The institution was founded in 2005, as Unguka Microfinance Limited,[4] by 215 investors with total capital of about US$538,400 (RWF:321.1 million). In 2008, the bank's processes were automated.[5] In 2012, the institution transformed into a microfinance bank, following the issuance of a microfinance banking licence by the National Bank of Rwanda. The bank rebranded as Unguka Bank Limited.[6]
The stock of Uguka Bank is privately owned by corporate and individual investors. At this time, the detailed shareholding in the bank is not publicly known. 35% shareholding is owned by Rural Impulse Fund II (RIF).[3]