Uganda

Africa

Statistics
1

145,449
Clients
$26M
Loan Portfolio
$567
Average Loan
27
Service Outlets
1992
Year Founded
 

Featured Testimonial

Florence Nabukenya

Florence is very proud and happy that, thanks to FINCA loans, she was able to send her children to better schools and then on to university. She was able to build a larger house for her family and also build a small house for her ailing mother in her home village.

Products & Services

Individual Loans
Village Banking Loans
Agricultural Loans
Micro-Energy Loans
Savings
Insurance
Remittances and Money Transfers

Facts about Uganda

Uganda is a bright spot in Africa. In the two decades since FINCA launched its Uganda program, the country’s poverty level has dropped by more than half: from 56 percent in 1992 to 24.5 percent in 2010. But while the economy continues to grow, unreliable electrical service, high energy costs, and an inadequate transportation infrastructure provide serious obstacles for low-income entrepreneurs seeking to build businesses and incomes.

FINCA Uganda is the country’s first regulated, deposit-taking microfinance institution. It provides diverse products for low-income clients: working capital, business and home improvement loans; four savings products; money transfers; health insurance. Hundreds of clients have benefited from FINCA’s solar energy loan product, which allows them to light existing businesses, ensuring longer hours of operations, as well as opening new businesses such as mobile phone charging stations. Use of the products in homes has greatly improved the health of families who no longer need to burn kerosene for light.

24.5%
Living below Poverty level
$1,400
Average Annual Income
80%
Financially Excluded 2

1 Information is updated on a monthly basis.
2 Population lacking account at formal financial institution.

 

Contact

 
Head Office
Plot 22 Ben Kiwanuka Street
Post Office Box 24450
Kampala, Uganda

 

 
Telephone

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FINCA is a non-profit, tax-exempt charitable organization under Section 501(c)(3) of the United States Internal Revenue Code. Donations are tax-deductible. Our tax ID number is 13-3240109.
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