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 5 kilometres (3 mi) north of the city centre.[2] The coordinates of the company headquarters are 00°20'07.0"N, 32°35'16.0"E (Latitude:0.335278; Longitude:32.587778).[3]
Overview
FINCA Uganda was licensed as an MDI in 2004, although the institution has been in the country since 1992.[4]
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.[5]
As of December 2015, the institution's asset base was UGX:128.51 billion, with shareholders' equity of UGX:42.67 billion.[6]
FINCA Uganda was one of the first financial institutions in Uganda to introduce biometric technology in 2011.[7]
Ownership
It is a subsidiary and member organization of
FINCA International, headquartered in the United States.[8]
Products and services
As of 2014, the financial services offered by FINCA Uganda included:[9]
FINCA Village Group Loans
FINCA Individual/Business Loans
FINCA Group account
FINCA Fixed Deposit account
FINCA Easy Account
FINCA Smart Start Account
FINCA Target Account
FINCA School Fees Loan
FINCA Junior Account
FINCA Agriculture Loan
FINCA Solar Energy Loan
Credit Life Insurance
Western Union Transfers
RTGS
Standing Orders
Branches
As of June 2014, FINCA Uganda maintained 26 inter-linked branches nationwide, at the following locations:[10]
Ben Kiwanuka Branch - 22 Ben Kiwanuka Street,
Kampala