FINCA Uganda Limited

FINCA Uganda Limited, commonly known as FINCA Uganda, is a Ugandan microfinance deposit-taking institution and a member organization of FINCA International. It provides financial services primarily to low-income entrepreneurs and households in Uganda, with a stated development purpose of helping customers create employment, build assets, and improve their living standards. Its activities combine lending with savings services, placing the institution within Uganda’s regulated microfinance and banking framework rather than the informal lending sector. The organization has operated in Uganda since 1992 and received a microfinance deposit-taking institution licence in 2004. It is regulated by the Bank of Uganda, Uganda’s central bank and banking-sector regulator. Under Uganda’s institutional classification, FINCA Uganda is a Tier III financial institution. This status permits it to conduct specified deposit-taking and microfinance activities, while also imposing limitations: it may not deal in foreign exchange and may not issue checking accounts. FINCA Uganda’s headquarters are located on Acacia Avenue in Kampala Central Division, approximately north of Kampala’s city centre. The institution’s operating footprint is Uganda-wide in scope, although the available reference material does not provide a current branch count, customer total, employee figure, or detailed geographic breakdown. Its principal customer proposition is directed toward entrepreneurs and other financially underserved people who may have limited access to conventional commercial banking. The institution was among the first financial institutions in Uganda to introduce biometric technology, adopting the technology in 2011. This initiative formed part of the broader modernization of customer identification and financial-service delivery in microfinance. The available reference material does not identify the specific biometric platform, rollout scale, or subsequent technology strategy. As a subsidiary and member organization of FINCA International, FINCA Uganda forms part of an international network associated with financial inclusion and microfinance. The available historical financial information records an asset base of UGX 128.51 billion and shareholders’ equity of UGX 42.67 billion as of December 2015. Those figures are historical and should not be treated as current financial data. No current revenue, profit, assets, ownership percentages, or market-share information is provided in the reference material.

FINCA Uganda’s presence in Uganda dates to 1992, preceding its formal licensing as a microfinance deposit-taking institution. The organization developed within Uganda’s expanding microfinance sector, serving customers who were not always well served by traditional commercial banks. Its stated mission has been to provide lasting financial solutions for low-income entrepreneurs, with an emphasis on enabling customers to create jobs, accumulate assets, and improve living standards. A significant institutional transition occurred in 2004, when FINCA Uganda obtained a licence as a microfinance deposit-taking institution. This brought its regulated activities under the supervision of the Bank of Uganda. The licence established FINCA Uganda as a Tier III financial institution and allowed it to provide regulated deposit-taking and microfinance services. The classification also defined the limits of its business: the institution cannot engage in foreign-exchange dealing and cannot issue checking accounts. FINCA Uganda operates as a subsidiary and member organization of FINCA International, an international network associated with financial inclusion and microfinance. The relationship connects the Ugandan institution to a broader organizational group while leaving FINCA Uganda as a locally regulated entity operating under Ugandan financial-sector rules. In 2011, FINCA Uganda became one of the first financial institutions in Uganda to introduce biometric technology. The move reflected the sector’s adoption of technology to strengthen customer identification and support more efficient service delivery. The available source does not describe the implementation in sufficient detail to establish the exact biometric system, customer coverage, or long-term operational results. The institution’s headquarters are at Plot 11B Acacia Avenue in Kampala Central Division. Historical financial information cited for December 2015 reported assets of UGX 128.51 billion and shareholders’ equity of UGX 42.67 billion. These figures provide a snapshot of the institution at that date, but the available material does not supply later financial statements or a current balance-sheet position. The available reference also does not identify a founder, current chief executive, board members, branch network, product-level performance, or recent strategic developments.

1. 2015Historical financial position reported

   At December 2015, reported assets were UGX 128.51 billion and shareholders’ equity was UGX 42.67 billion.

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2. 2011Biometric technology introduced

   FINCA Uganda becomes one of the first financial institutions in Uganda to introduce biometric technology.

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3. 2004Licensed as a microfinance deposit-taking institution

   FINCA Uganda receives a microfinance deposit-taking institution licence and becomes subject to regulation by the Bank of Uganda as a Tier III financial institution.

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4. 1992Operations begin in Uganda

   FINCA begins its presence in Uganda, initially operating before the institution receives its later microfinance deposit-taking licence.

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Regulated, inclusion-oriented microfinance for low-income entrepreneurs and underserved households in Uganda.

• MicroloansLending

  FINCA Uganda provides microfinance lending intended primarily for low-income entrepreneurs and other customers with limited access to conventional banking. The stated development rationale is to help borrowers create jobs, build assets, and improve living standards. The available reference does not specify loan sizes, repayment terms, interest rates, collateral requirements, or individual product names.

• Savings productsDeposits

  As a licensed microfinance deposit-taking institution, FINCA Uganda offers savings-related financial services to its target customers. These services support the institution’s financial-inclusion model by combining deposit-taking with microfinance lending. Specific account types, balances, fees, eligibility rules, and interest terms are not identified in the available source.

• 2011Adoption of biometric technologyStrategy

  Microfinance institutions require reliable customer identification and efficient service processes, particularly when serving customers outside conventional banking channels.

  What changed. FINCA Uganda introduced biometric technology and became one of the first financial institutions in Uganda to adopt it.

  Aftermath. The available reference confirms the introduction but does not document its operational results, customer coverage, or subsequent technology developments.

  Source

1. FINCA Uganda Limited