FINCA Uganda Limited

FINCA Uganda Limited(MDI)

Company type	Private
Industry	Financial services
Founded	1992
Headquarters	Plot 11B Acacia Avenue, Kampala, Uganda
Key people	James Onyutta managing director
Products	Loans, savings, Money Transfers
Total assets	UGX:128.51 billion
Number of employees	550+
Website	Homepage

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]

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

See also

• Banking in Uganda
• List of banks in Uganda
• List of microfinance deposit-taking institutions in Uganda
• UGAFODE Microfinance Limited
• Pride Microfinance Limited

References

1. BOU (5 September 2016). "List of Licensed Microfinance Deposit-Taking Institutions (MDIs), As at 5 September 2016" (PDF). Kampala: Bank of Uganda. Retrieved 24 July 2017.^{[permanent dead link‍]}
2. "Distance between Clock Tower, Kampala, Central Region, Uganda and FINCA ATM, Kampala, Central Region, Uganda" (Map). Google Maps. Retrieved 13 January 2021.
3. "Location of the Headquarters of FINCA Uganda Limited" (Map). Google Maps. 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. Archived from the original (PDF) on 12 October 2016. 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. Archived from the original on 10 June 2015. 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

• Website of FINCA Uganda Limited

00°20′07″N 32°35′16″E