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Tag Archives: borrowers

Borrowers to default on loans– BoU survey

Kampala, Uganda | THE INDEPENDENT  | Commercial Banks expect more borrowers not to meet their loan obligations in the three months to the end of December, according to a survey by Bank of Uganda. BoU says banks had “noticed unfavourable economic conditions experienced during the last couple of months, which were …

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MPs adopt committee report on movable assets bill

Kampala, Uganda | THE INDEPENDENT | Members of Parliament have adopted a report by the Legal and Parliamentary Affairs Committee endorsing a bill to facilitate credit for small borrowers and manage the risk of borrowing by the financial sector. The bill is envisaged to make credit affordable for Ugandans. According to …

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Banks court small borrowers

Centenary becomes third bank to unveil micro-loans to customers via mobile phones Kampala, Uganda | ISAAC KHISA | Despite talk that micro-loans may not create a big impact on the economy, the scramble for a share of the small loans business by Uganda’s banking industry continues to gain momentum. Centenary Bank …

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