• Source: UGAFODE Microfinance Limited

UGAFODE Microfinance Limited (MDI), commonly known as UGAFODE, is a microfinance institution in Uganda. It is registered and licensed as microfinance deposit-taking institution (MDI) by the Bank of Uganda, the Central Bank and national banking regulator. UGAFODE was the fourth MDI registered in Uganda.




History


UGAFODE was founded in 1994 as the Uganda Agency for Development Limited, a non-governmental organization whose primary objective was to provide affordable financial services to its customers. In September 2010, in preparation to become an MDI, UGAFODE Microfinance Limited was incorporated as a limited company.
In 2011, the institution accepted eight new shareholders, including Ezra Suruma, Uganda minister of finance from 2005 until 2009 and senior adviser for finance and planning to the President of Uganda. Suruma also had an ownership interest in the National Bank of Commerce (Uganda), a Tier I commercial bank, which was closed in 2012.
An application was made to the Bank of Uganda for the issuance of an MDI banking license. In October 2011, a Tier III MDI licence was granted, and MDI operations began on 10 October 2011.
As of March 2014, the institution's total assets were about US$10.07 million (UGX:25.34 billion), with shareholders' equity of about US$2.25 million (UGX:5.66 billion).




Branch network


As of October 2024, the institution maintained branches at the following locations, arranged alphabetically:

Bombo Road Branch/ SME Suite - Silva Arcade, 62 Bombo Road, Kampala Head Office
Ibanda Branch - Adam's Building, Main Street, Ibanda
Ishaka Branch - 33 Rukungiri Road, Ishaka
Jinja Branch - Jinja
Kagadi Branch - 241-242 Isunga Road, Kagadi
Kyarushesha Branch - Kikuube
Kyotera Branch - 184-753 Mutukula Road, Kyotera
Lira Branch - Plot 8A, Soroti Road, Lira
Lyantonde Branch - 215-76 Main Street, Lyantonde
Mbale Branch - Mbale
Mbarara Branch - 23 Bananuka Drive, Mbarara
Mpigi Branch - Continental House, Mpigi
Nakasero Branch - Nakasero, Kampala
Nansana Branch - 11/13 Nansana, Wakiso
Ntungamo Branch - 69A Kabale Road, Ntungamo
Rubaga Road Branch - 22 Namirembe Road, Kampala
Rukungiri Branch - 5 Rubabo Road, Rukungiri
Rushere Branch - Kiruhura
Sembabule Branch - Sembabule
Lira Branch - Plot 8A Soroti Road, Lira, Lira
Nakivale Refugees settlement Branch, Isingiro

Sales and customer service centres

Kitagwenda Sales and Customer Service Centre, Kitagwenda
Kyangwali Sales and Customer Service Centre, Kikuube
Rubaale Sales and Customer Service Centre, Ntungamo
Rubondo Sales and Customer Service Centre, Isingiro




See also


Banking in Uganda
List of banks in Uganda
Pride Microfinance Limited
FINCA Uganda Limited
Finance Trust Bank




References

Kata Kunci Pencarian:

• UGAFODE Microfinance Limited
• Pride Microfinance Limited
• List of microfinance deposit-taking institutions in Uganda
• Letshego Microfinance Uganda
• East African Development Bank
• FINCA Uganda Limited
• List of banks in Africa
• Port Bell
• Kampala
• National Social Security Fund (Uganda)