Friday , March 29 2024
Home / Tag Archives: Microfinance

Tag Archives: Microfinance

UMRA proposes new loan terms for money lenders

Kampala, Uganda | THE INDEPENDENT | The Uganda Microfinance Regulatory Authority (UMRA) is suggesting new changes in the traditional money lenders’ loan structures. The changes among others suggest  caps on interests charged by the money lenders The changes are part of the proposed amendments to the Microfinance laws and regulations. “As …

Read More »

UMRA drafts guidelines for digital lenders

Kampala, Uganda | THE INDEPENDENT | Uganda Microfinance Regulatory Authority is drafting new guidelines to regulate digital lending. Digital money lenders are emerging as the latest innovation to small loans extended through online platforms or digitally but there have been concerns that they are not regulated. But the emergence of …

Read More »

Changes to microfinance deposit-taking institutions act approved

Kampala, Uganda | THE INDEPENDENT | Cabinet has adopted the proposed changes in the Microfinance Deposit-Taking Institutions-MDIs Act 2003. According to the proposed changes, MDIs will now offer all services offered by other banks, which has not been the case. The Minister of Information and National Guidance, Chris Baryomunsi communicated …

Read More »

Behind micro-credit loans

  No one deserves to die from excessive peer pressure because of failure to re-pay a micro-credit loan COMMENT | Nathan Were |The Daily Monitor newspaper of February 02, 2019 led with a sad story of Gubindi – a resident of Jinja town in eastern Uganda who, after failure to …

Read More »

Microfinance’s macro potential

  By Prashant Thakker With forward-looking regulation and technology, MFIs can provide more access to financial services Microfinance is, at its heart, an effort to provide financial services to people who are not served – or are under-served – by the formal banking system. With appropriate, accessible, and fairly priced …

Read More »