What Is Microfinance Institutions?
Microfinance Institutions Network is an association for the microfinance sector in Uganda. Its member organizations constitute the leading microfinance institutions in the country.
Below Are The List Of Tier 4 Microfinance Institutions In Uganda
FINCA Uganda Limited
Pride Microfinance Limited
Uganda Finance Trust Limited
UGAFODE Micro Finance Limited
ASA Microfinance (Uganda) Limited
Acfode, Kampala
Acord, Kampala
Action On Disability
Adjumani Youth Association
Kasaala Savings & Credit Society Ltd.
All Nations, Lira
Bale Community Based Organisation
Bakebezi Growers Cooperative
Bamunanika Cooperative Society
Bigaijuka Cooperative Society
BRAC Uganda
Buddo Growers Cooperative
Bufumbira Island Development Association
Bukedea Women’s Strugglers Association
Buruto, Fort Portal
Busiro South Development Association
Buso Foundation, Kampala
Busoga Development Agency
BUMU Central Cooperative
Buwekula Women’s Development Association
Catholic Relief Services
Christian Charity Center
Demobilised Women Civil Servants
Ecumenical Church Loan Fund
Feed The Children Uganda
Foundation For Credit
FOCCAS, Mbale
Frontpage Microfinance
Goli Church of Uganda Microfinance
HOFOKAM (Hoima Fort Portal Kasese Catholic Diocese Microfinance)
Hoima-Kibaale Integrated Development
Hoima Rural Development Organisation
Ibanda Small Scale Industries Association
INFOCIN Uganda Ltd.
Kabale Networking Organisation (KABNETO)
Kabwangasi Cooperative Society
Kameke Growers Cooperative
Kampala Social & Economic Development
Kasodo Growers Cooperative
Kassada Development Association
Kidea Enterprises Limited
Kigezi Diocese Rugarama
Kiwafu Cooperative Society Ltd.
Kole Development Apac
Kolping Mityana Women’s Project
Kyotomanya Savings Society Ltd.
Kutesa Development Task-force
LIDDA Lira
Lubaga Development Agency
Mednet World Vision
Micro Credit Development Trust
Micro Projects Programme
Mityana Livestock Cooperative
Morukokume Growers Cooperative
Mpigi Women Development Trust
Muhabura Diocese Cooperative
Naddangira Cooperative Society
Naggalama Growers Cooperative
Namirali Cooperative Society
NAWOU, Kampala
Nebbi Community Cooperative
Opwateta Growers Cooperative
OCBO, Kyotera
Orungo Development Society, Soroti
PACT, Masindi
Pearl Microfinance Ltd
Ringa Finance Ltd
Rub Systems Uganda
Rukungiri Development Association
RUMECS, Iganga
Save Mothers & Children Association
SETCA Womens Link, Jinja
Soroti Diocese Development Organisation
St. Mulumba Friendly Society, Jinja
SOMED, Masindi
Tallent Calls Club
Teso Islamic Development Association
Tororo Manufactured Association Credit
Uganda Association for Social-Economic Progress
UCSCU, Kawempe
Uganda Foster Parents
Uganda Kolping Society
Uganda Small Scale Industries
Uganda War Widows Foundation
Uganda Womens Finance Trust
Uganda Womens Foundation Fund
URDT, Kampala
USSIA Wobulenzi, Luwero
UWESO, Kampala
VEDCO, Kampala
Victoria Building Society
Voluntary Action for Development
ZOKUDA, Kaliro
Poverty Alleviation & Development Association
What Do You Mean By Microfinance Institutions In Uganda?
Microfinance institutions are organizations that provide loans to low-income clients, including micro-companies and the self-employed, who traditionally lack access to mainstream sources of finance from Banking Institutions.
What Are The Importance Of Microfinance Institutions In Uganda?
Microfinance is important because it provides resources and access to capital to the financially underserved, such as those who are unable to get checking accounts, lines of credit, or loans from traditional banks.
What Is An Example Of Microfinance Institutions In Uganda?
These loans are generally issued to finance entrepreneurs who run micro-enterprises in developing countries. Examples of micro-enterprises include basket-making, sewing, street vending and raising poultry. The average global interest rate charged on micro-loans is about 35%.
How Does A Microfinance Institutions Work In Uganda?
Microfinance institutions offer “microloans” to borrowers along with assistance (financing a new business or an expansion plan, paying for urgent family needs, facilitating mobility to obtain a job, etc.), despite the fact that these borrowers do not offer a solid guarantee of repayment.
What Is Microfinance Institutions And Its Benefits In Uganda?
Microfinance can be defined as a banking service dispensed to low-income individuals or groups as well as unemployed people who generally do not have access to financial services.
What Is Microfinance Institutions And Its Functions In Uganda?
Microfinance banking is the provision of a broad range of financial services such as deposits, loans, money transfers and insurance to the poor and low income household and their micro enterprises at affordable cost.
What Is The Main Objective Of Microfinance In Uganda?
The objective of microfinance is similar to that of microcredit; its goal is to provide financial services to help encourage entrepreneurs in impoverished nations to act on their ideas and obtain the financial tools available to do so and to eventually become self-sustainable.
What Are The Features Of Microfinance Institutions In Uganda?
Microfinance Institutions Characteristic.
Growing up serving micro enterprises.
Independent and free in the community.
Very close to the community surrounding environment.
Have procedures borrowing without collateral.
Funding productive business community about the MFI’s.
What Are The Types Of Microfinance Institution In Uganda?
Various types of institutions offer microfinance: credit unions, commercial banks, NGOs (Non-governmental Organizations), cooperatives, and sectors of government banks. The emergence of “for-profit” MFIs is growing. In India , these ‘for-profit’ MFIs are referred to as Non-Banking Financial Companies (NBFC).
What Are The Advantages And Disadvantages Of Microfinance Institutions In Uganda?
Microfinance companies offer small loan amount unlike other financial institutions who provide big loans. Another concern is that they were not able to render low interest based loans. Therefore the operating cost per transaction is too high for them despite high volume of transactions.
What Are The Services Of Microfinance Institutions In Uganda?
Microfinance products are services offered by MFIs to satisfy the needs of their customers such as credit, savings, leasing, standing order, bills payment, fund transfer, management and vocational skills training, consultancy and advisory services, marketing assistance, information, technological development.
What Are The Advantages Of Microfinance Institutions Network In Uganda?
Microfinance companies can provide much-need funds to an individual for setting up a healthy business that seeks minimum investment and offers sustainable profit in the long run. Thus, these companies ensure entrepreneurship and self-sufficiency among the lower-income group.
How Do Microfinance Institutions Make Money In Uganda?
On a worldwide basis, microfinance institutions (MFIs) provide financial services to the poorest households. To date, funding of MFI activities has come primarily from outright donor grants, government subsidies, and often debt capital, including debt with non-market terms favorable to the MFI.