FINCA Uganda Limited

FINCA Uganda Limited
Private
Industry Financial services
Founded 1992
Headquarters Plot 11 Acacia Avenue,
Kampala, Uganda
Key people
 Julius Omoding
managing director
Products Loans, savings
Total assets UGX:128.51 billion
Number of employees
 640+
Website Homepage

FINCA Uganda Limited, also known as FINCA Uganda, is a microfinance deposit-accepting institution (MDI) in Uganda. It is licensed and supervised by the Bank of Uganda, the central bank and national banking regulator.[1]

Location

The headquarters of FINCA Uganda Limited are located at Plot 11 Acacia Avenue in Kampala Central Division, one of the five administrative divisions of the city of Kampala, Uganda's capital and largest city, about 3.8 kilometres (2 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 is licensed as an MDI, which was issued 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 creating jobs, building assets, and improving 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]

  • Small Group Loans
  • Village Group Loans
  • Individual Loans
  • Salary Loans
  • Voluntary Savings
  • Fixed Deposits
  • FINCA Easy Account
  • Smart Start Account
  • Target Account
  • School Fees Loan
  • Junior Account
  • Credit Life Insurance
  • Western Union Transfers
  • RTGS
  • Standing Orders

Branches

As of June 2014, FINCA Uganda maintained 27 inter-linked branches nationwide, at the following locations:[10]

  1. Ben Kiwanuka Branch - 22 Ben Kiwanuka Street, Kampala
  2. Katwe Branch - Katwe Road, Katwe, Kampala
  3. Kireka Branch - Kampala-Jinja Highway, Kireka, Kira Municipality
  4. Kawempe Branch - Bombo Road, Kawempe, Kampala
  5. Naakulabye Branch - Hoima Road, Naakulabye, Kampala
  6. Nateete Branch - Nateete Shopping Centre, Nateete, Kampala
  7. Mukono Branch - Kampala-Jinja Road, Mukono
  8. Mityana Branch - Station Road, Mityana
  9. Nakasongola Branch - Lwampanga Road, Nakasongola
  10. Masaka Branch - Edward Avenue, Masaka
  11. Kyotera Branch - Bukoba Road, Kyotera
  12. Sembabule Branch - Mubende Road, Sembabule
  13. Mbarara Branch - Masaka Road, Mbarara
  14. Kabale Branch - Kisoro Road, Kabale
  15. Fort Portal Branch - Rukidi III Street, Fort Portal
  16. Jinja Branch - Lubas Road, Jinja
  17. Kamuli Branch - Kitimbo Road, Kamuli
  18. Iganga Branch - Main Street, Iganga
  19. Mbale Branch - Republic Street, Mbale
  20. Busia Branch - Jinja Road, Busia
  21. Lira Branch - Obote Avenue, Lira
  22. Gulu Branch - Labwor Road, Gulu
  23. Arua Branch - Taban Lane, Arua
  24. Koboko Branch - Central Road, Koboko
  25. Masindi Branch - Masindi Port Road, Masindi
  26. Hoima Branch - Old Toro Road, Hoima
  27. Ntinda Branch - Ntinda Trading Centre, Ntinda Road, Ntinda, Kampala.
  28. Acacia Branch - 11 Acacia Avenue, Kampala (Head Office)[11]

See also

References

  1. ↑ BOU (31 March 2016). "List of Licensed Microfinance Deposit-Taking Institutions (MDIs), As at March 2016" (PDF). Kampala: Bank of Uganda. Retrieved 12 August 2016.
  2. ↑ Globefeed.com (12 August 2015). "Distance between Clock Tower, Kampala, Central Region, Uganda and FINCA ATM, Kampala, Central Region, Uganda". Globefeed.com. Retrieved 12 August 2016.
  3. ↑ Google (12 August 2016). "Location of the Headquarters of FINCA Uganda Limited" (Map). Google Maps. Google. Retrieved 12 August 2016.
  4. ↑ FINCA (2013). "FINCA International: Who We Are: History". Washington, D. C.: FINCA International (FINCA). Retrieved 12 August 2014.
  5. ↑ Michael Dzineku; et al. (2009). "Uganda: Wharton Financial Institutions Center" (PDF). Philadelphia, Pennsylvania, USA: Wharton School of the University of Pennsylvania. Retrieved 12 August 2016.
  6. ↑ FINCA Uganda (12 April 2016). "Summarised Audited financial statements for the year ended 31 December 2015" (PDF). Kampala: FINCA Uganda Limited. Retrieved 13 August 2016.
  7. ↑ Kulabako, Faridah (6 May 2011). "Technology Spurring Innovations In Banking". Daily Monitor Mobile. Retrieved 3 July 2014.
  8. ↑ Vision Reporter (12 November 2015). "FINCA Launches Offices". New Vision. Kampala. Retrieved 13 August 2016.
  9. ↑ Kaggwa, Andrew (10 June 2014). "Finca Uganda Launches Loan Promo". The Observer (Uganda). Retrieved 3 July 2014.
  10. ↑ FINCA (2011). "The Branches of FINCA Uganda Microfinance Limited". FINCA International. Retrieved 3 July 2014.
  11. ↑ Nakabugo, Zurah (18 November 2015). "Finance minister advises Finca to graduate into commercial bank". The Observer (Uganda). Kampala. Retrieved 13 August 2016.

External links

Coordinates: 00°20′07″N 32°35′16″E / 0.33528°N 32.58778°E / 0.33528; 32.58778

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