List Of Money Lenders In Uganda
Money Lender is a person whose business is lending money to others who pay interest.
Below are the List Of Money Lenders In Uganda
Platinum Credit:
Platinum Credit Limited is a Micro Finance Company licensed in Uganda under the Company’s Act. Providing Emergency Loans to all Civil Servants is their founding vision. It also offers loans to employees of selected private sector companies and business people through their newest product called Logbook Finance.
Smart Loans:
Whether you need working capital for your small business or need to handle a family emergency, Smart Loan Uganda Ltd lets you get an instant loan from 100,000/= to 50 million. As you take loans and pay back, the system trusts you more, offering you higher amounts each time.
Bayport financial services:
Bayport financial services has provided primarily government-employed men and women with credit and access to financial services. In nine developing economies across Africa and Latin America, it offers it’s customers speed, value, convenience and also provides financial solutions they can trust.
Express loans Uganda:
This is a micro-finance company that started this journey in 2012. It is a fully registered company with both a trading and money lending license under the names Express Loans Uganda. It provides emergency instant loans designed to suite a client.
Shaka Credit:
It has expanded to offer a wider variety of financial products that target privately employed salaried workers, landlords and importers. Shaka Credit loan application process is fast and convenience.
Street Finance Uganda:
Street Finance Uganda focuses on delivering top notch business solutions to the business world by providing quick and flexible loan amounts agreeable between them and the borrower.
Freedom lender Ltd:
Freedom Lender Ltd provide you with quick emergency loans to enable you attend to your immediate financial needs. Simple items like Laptops, TV screens, cars, iPhone and Samsung phones can act as security.
Vision Fund Uganda:
Vision Fund Uganda is a Christian owned and operated mission-driven microfinance network. It works with caregivers in hard to reach, impoverished locations so they can create secure futures for their children. The products and services offered fall into five broad categories: micro-loans, savings programs, micro-insurance, training and education. Benefits therefore include sustainable livelihoods, increased economic well-being, improved community well-being, decreased dependence on outside aid and restoration of hope and dignity.
Afroteller:
This is a peer to peer lending platform bringing together lenders (investors) and borrowers. When a borrower expresses interest to get a loan, he provides collateral against which the lender (investor) funds the loan and earns interest. Afroteller highly commits to the safety and security of this transaction
People Finance Investment Company Limited:
Shaka Credit loan are here to provide you with financial solutions for your lending needs. Whether you are looking for a loan or mortgage, their knowledgeable and experienced lending team will explain their lending options to you in a straightforward manner.
How do I start a money lending business in Uganda?
Uganda – Apply for Money Lending Licence
- a certificate of incorporation;
- forms of particulars of directors and secretary;
- particulars of the address;
- copies of national identity cards for directors and the secretary; and.
- Evidence of payment of the fees prescribed in schedule 1 to these Regulations.
Is money lending legal in Uganda?
The Moneylenders Act requires that, for one to carry on money lending business, he or she must obtain a certificate issued by a magistrate within the jurisdiction where the business is sought to be carried on.
Who regulates money lenders in Uganda?
UMRA
UMRA is an Authority established under Section 6 of the Tier 4 Microfinance Institution and Money Lenders Act, 2016 with the key purpose of Regulation, Supervision and Licensing the all Tier 4 Microfinance Institutions and Money Lenders in the country to ensure the financial health, sustainability and financial