'Micro Deposit-Taking Institutions' in Uganda
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Tumusiime Claire.Pdf
EVALUATION OF CREDIT POLICY MANAGEMENT AND PERFORMANCE OF MICRO-FINANCE INSTITUTIONS IN UGANDA A CASE STUDY OF PRIDE MICROFINANCE BY Tumusiime Clare BBA/6067/ 41/DU SUPERVISED BY: Mr. Naleela Kizito RESEARCH REPORT SUBMITTED IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE AWARD OF A BACHELOR DEGREE IN BUSINESS ADMINISTRATION AND MANAGEMENT OF KAMP AlA INTERNATIONAL UNIVERSITY • August, 2006 DECLARATION I Tumusiime Clare hereby declare that the following research report under the title "Evaluation of Credit Policy Management and Performance of Micro finance Institutions" has never been submitted to any college or university for any award. It is my original work. Signed: ~ ------------------ Tumusiime Clare BBA/ 6067/ 41/DU Date~. ~r.!.~.h .~_gl.U.J] .... ~ .Qh/' APPROVAL This research report on "evaluation of credit policy and performance of Micro- finance Institutions" in Uganda has been carried out by Tumusiime Clare under my supervision and is now ready for submission to Kampala International University. Signed:---~ ------------------------·· Mr. Naleela Kizito S~rvisor Date: ..... ~3 .. l.~ .. r.~.fe................ 11 DEDICATION I dedicate this project to my mum and Dad, Father Bonny, my sisters and brothers. May the Lord God reward them more abundantly. l1l ACKNOWLEDGEMENT With deep pleasure I wish to extend my sincere appreciation to Almighty God for giving me life and blessing my studies. My esteem love goes to my brothers; Francis, Justus, Julius, and my sisters; Rita and Sharon who had to endure a long period of struggles to support me as their sister. My sincere thanks also go to the entire staff of Kampala International University for their love and services rendered. -
Dfcu Limited 2018 Full Year Results
dfcu Limited 2018 Full Year Results dfcu Limited announces the 2018 Full Year Results and the independent external auditors’ report. The business continued 55 years of making more possible to show resilience as we consolidated our operations, For over 55 years, dfcu has supported businesses and individuals improved our asset quality and bolstered the customer value to achieve their economic aspirations through provision of long proposition with continued digitization of our operations to term financing and tailored financial solutions across key sectors of enhance customer experience. the economy including agribusiness, communication, education, agriculture, health, manufacturing, tourism, real estate, mining, We continue to support businesses, deepen financial inclusion construction, transport, trade and commerce. and engage with the communities that we serve through initiatives like Investment Club programs, Women in Business, SME Top 100 and other social responsibility initiatives. Agriculture Manufacturing Construction Trade Hotel & Tourism Education Individuals Deepening financial inclusion Through initiatives such as Investment Clubs and the Best Farmer 2018 performance highlights program in partnership with the Dutch Embassy, The New Vision, KLM Loans and advances grew by 5% as we focused on the asset quality and Koudijs, we continue to deepen financial inclusion and extend of our consolidated book, which resulted in reduction in the impairment financial literacy. expenses by 61% from UGX 49 billion to UGX 19 billion. Customer deposits remained stable at UGX 1.9 trillion as we focused on our strategy of growing the current and savings deposits that are a more cost-effective source of funding, which resulted in a 11% reduction in the interest expense from UGX 88 billion to UGX 78 billion. -
Absa Bank 22
Uganda Bankers’ Association Annual Report 2020 Promoting Partnerships Transforming Banking Uganda Bankers’ Association Annual Report 3 Content About Uganda 6 Bankers' Association UBA Structure and 9 Governance UBA Member 10 Bank CEOs 15 UBA Executive Committee 2020 16 UBA Secretariat Management Team UBA Committee 17 Representatives 2020 Content Message from the 20 UBA Chairman Message from the 40 Executive Director UBA Activities 42 2020 CSR & UBA Member 62 Bank Activities Financial Statements for the Year Ended 31 70 December 2020 5 About Uganda Bankers' Association Commercial 25 banks Development 02 Banks Tier 2 & 3 Financial 09 Institutions ganda Bankers’ Association (UBA) is a membership based organization for financial institutions licensed and supervised by Bank of Uganda. Established in 1981, UBA is currently made up of 25 commercial banks, 2 development Banks (Uganda Development Bank and East African Development Bank) and 9 Tier 2 & Tier 3 Financial Institutions (FINCA, Pride Microfinance Limited, Post Bank, Top Finance , Yako Microfinance, UGAFODE, UEFC, Brac Uganda Bank and Mercantile Credit Bank). 6 • Promote and represent the interests of the The UBA’s member banks, • Develop and maintain a code of ethics and best banking practices among its mandate membership. • Encourage & undertake high quality policy is to; development initiatives and research on the banking sector, including trends, key issues & drivers impacting on or influencing the industry and national development processes therein through partnerships in banking & finance, in collaboration with other agencies (local, regional, international including academia) and research networks to generate new and original policy insights. • Develop and deliver advocacy strategies to influence relevant stakeholders and achieve policy changes at industry and national level. -
Performance Measurement and Improvement at FINCA Uganda Aaron Cowans SIT Study Abroad
SIT Graduate Institute/SIT Study Abroad SIT Digital Collections Independent Study Project (ISP) Collection SIT Study Abroad Fall 2011 Performance Measurement and Improvement at FINCA Uganda Aaron Cowans SIT Study Abroad Follow this and additional works at: https://digitalcollections.sit.edu/isp_collection Part of the Business Administration, Management, and Operations Commons, Finance and Financial Management Commons, and the International Business Commons Recommended Citation Cowans, Aaron, "Performance Measurement and Improvement at FINCA Uganda" (2011). Independent Study Project (ISP) Collection. 1226. https://digitalcollections.sit.edu/isp_collection/1226 This Unpublished Paper is brought to you for free and open access by the SIT Study Abroad at SIT Digital Collections. It has been accepted for inclusion in Independent Study Project (ISP) Collection by an authorized administrator of SIT Digital Collections. For more information, please contact [email protected]. Performance Measurement and Improvement at FINCA Uganda Aaron Cowans SIT Uganda: Microfinance and Entrepreneurship Academic Advisor: Godfrey Byekwaso Academic Director: Martha Wandera Fall 2011 Dedication This work is dedicated to my family in America and the amazing people I have met here in Uganda, who have all helped me throughout my journey. 2 Acknowledgements While so many people helped me along my way, I want to acknowledge the following people in particular who were instrumental to my experience here. Martha Wandera, Helen Lwemamu and the rest of the SIT staff for putting together such a fantastic program. I have learned so much here and made memories which will last a lifetime. This was all possible because of your constant hard work and dedication. All of the staff at FINCA Uganda and FINCA International who so graciously hosted me as an intern and supported me through the duration of my internship. -
New Company Profile
PadrePio INSURANCE BROKERS Risk Management Solutions COMPANY PROFILE +256 393 2294682 www.padrepioinsurance.com @ [email protected] Plot 12A, Tufnell Drive, P.O.Box 7446, Kampala PadrePio INSURANCE BROKERS ABOUT US Padre Pio Insurance Brokers Ltd is an indigenous firm incorporated in 2005 owned by Ugandans. We are licensed by both the Insurance Regulatory Authority of Uganda (IRA) and Uganda Retirement Benefit Regulatory Authority (URBRA) to carry out Insurance Brokerage services and Retirement Benefit schemes Third party Administration Services. The company understands the Insurance markets in which our clients operate and offer a service built on personalized and specialized solutions. We are committed to building long- term relationships through the development of creative solutions to day to day challenges. We further pride in partnering with our clients on the road to business excellence through the provision of tailor made insurance services OUR PURPOSE To be recognized as the leading insurance brokerage firm and pension administrator, dedicated to risk management solution of individuals and organizations through the provision of excellent products, efficient services for better customer satisfaction. OUR VISION To be the symbol of excellence in the provision of insurance brokerage and pension administration services. OUR MISSION To provide innovative customer oriented risk management solutions with the highest degree of professionalism. CORE VALUES Customer centrism Innovation Integrity Professionalis Reliability MANAGEMENT Padre Pio has experienced staff who has worked in both local and international insurance organizations. The management has technical expertise in Insurance underwriting, claims management and customer care. We have a number of control measures in place that ensure that clients’ assets are properly secured as we vet all insurers on an annual basis and take into consideration professionalism, financial status, management ethics, claims handling and reinsurance arrangement. -
Financial Report 2018
Summarised Audited Financial Statements for the year ended 31 December 2018 REPORT OF THE INDEPENDENT AUDITORS ON THE SUMMARY FINANCIAL STATEMENTS TO THE MEMBERS OF FINCA UGANDA LIMITED (MDI) Opinion Summary Financial Statements communication of key audit matters. Key audit the audited financial statements based on our The summary financial statements, which comprise The summary financial statements do not contain matters are those matters that, in our professional procedures, which were conducted in accordance the summary statement of financial position all the disclosures required by International judgement, were of most significance in our audit with International Standard on Auditing (ISA) 810 as at 31 December 2018, the summary Income Financial Reporting Standards, the Microfinance of the financial statements of the current period. (Revised), Engagements to Report on Summary statement for the year then ended and other Deposit-Taking Institutions (MDI) Act, 2003 and the Financial Statements”. disclosures are derived from the audited financial Companies Act of Uganda. Directors’ Responsibility for the Summary statements of FINCA Uganda Limited (MDI) for the Financial Statements year ended 31 December 2018. Reading the summary financial statements and our The directors are responsible for the preparation of report thereon, therefore, is not a substitute for the summary financial statements in accordance In our opinion, the accompanying summary reading the audited financial statements and our with the Microfinance Deposit-Taking Institutions financial statements are consistent, in all material report thereon. (MDI) Act, 2003 and Financial Institutions (External KPMG respects, with the audited financial statements in Auditors) Regulation, 2010. Certified Public Accountants accordance with the Microfinance Deposit-Taking The Audited Financial Statements and Our 3rd Floor, Rwenzori Courts, Institutions (MDI) Act, 2003 and the Financial Report Thereon Auditors’ Responsibility Plot 2 & 4A, Nakasero Road Institutions (External Auditors) Regulation, 2010. -
The Effects of Modern Technology on the Level Of
THE EFFECTS OF MODERN TECHNOLOGY ON THE LEVEL OF EMPLOYMENT OPPORTUNITIES IN FINANCIAL INSTITUTIONS: A CASE STUDY OF EQUITY BANK (EQTY) KATWE BRANCHMAKINDYE DIVISION KAMPALA DISTRICT BY MAGEMBE IVAN BEC/10003/81/DU A RESEARCH PROPOSAL SUBMITTED TO THE DEPARTMENT OF ECONOMICS AND APPLIED STATISTICS IN PARTIAL FULFILMENT FOR THE A WARD OF BACHELORS DEGREE IN ARTS IN ECONOMICS OF KAMPALA INTERNATIONAL UNIVERSITY AUGUST2011 DECLARATION I Magembe Ivan, declare that the research is my original work and has never been submitted to any other University for a similar or any other degree award. Accept the references used of which I have dully acknowledged. Signature .. ~························ <'") nd ~ ..\-- ;>._. Date. ~ ..... /:~V'u-V..:.!-. ......... .m .J . T APPROVAL This is to confirm that this work has been under my supervision and guidance. It is ready for Submission and Examination as a University Supervisor. Signature. ~~ ········· · ·· Name : Ms. Nakawungu Faridah Date , ~)~\!.~ .. ~\ 11 TABLE OF CONTENTS Declaration ....................................................................................................................................... i Approval ......................................................................................................................................... ii Dedication ...................................................................................................................................... iii Acknowledgement ........................................................................................................................ -
2019-Annual-Report.Pdf
THE UGANDA INSTITUTE OF BANKING & FINANCIAL SERVICES BOARD REPORT TO AGM OFJULY 17, 2020 PRELIMINARY REMARKS Dear Patron, Council Members here present, Fellows, Associates, Ordinary and Student Members, Friends of the Institute, all protocol observed. I welcome you all to this unique 2020 Annual General Meeting of the Uganda Institute of Banking & Financial Services ,the first ever Scientific / virtual meeting of the Institute. Please take time to consider the Notice and Agenda of this Meeting as set out hereunder. I wish to take this opportunity to thank our Patron for gracing this occasion with his presence and for the support rendered to the Institute and the cause of promoting professionalism and inclusion in the financial services industry. I wish to recognize Chief Executives of Member Institutions and colleagues from the industry here present and thank them for their contribution to the Institute. I am also especially grateful to the Board of Directors for its dedicated service to the Institute. I thank the members of the Institute for their contribution to the life of the Institute without which the Institute would not be able to execute its mandate. I extend my gratitude to our development partners, our Legal Counsel, External Auditors and indeed, all our service providers for their contribution to the progress of the Institute. Last but not least, I thank our trainers and staff of the Institute for their dedicated service to the Institute. Thank you all! 1 THE UGANDA INSTITUTE OF BANKING & FINANCIAL SERVICES BOARD REPORT TO AGM OFJULY 17, 2020 NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting (“AGM”) of the Uganda Institute of Banking and Financial Services (“the Company”) for the year ended 31 December 2019 will be held via electronic communication (virtual/online meeting) on Friday 17 July 2020 at 9:00 a.m. -
Financial Report 2020
FINCA Uganda Financial Year 2020 a dedicated Digital lending application, which • digitization and automation of our own Managing will exclusively cater for digital on boarding, and internal processes as well as processing of loans for customers using internal • increased skills development. The Board of Director’s and external sources of information and state- of-the-art machine learning and algorithms. Our The Board of Directors have continuously Directors have Statement alternative delivery channels like Cente-Agency engaged with the management to setup business continuously engaged service to our clients, VISA ATM partnership goals, which benefit all the stakeholders with United Bank of Africa, the mobile banking including the shareholders. Our strategy this with the management services as well as internet banking, have year will be to consolidate the challenges to setup business already resulted in lower turnaround time and and achieve better efficiency parameters better customer experience. while delivering healthy growth in credit and goals, which benefit profitability. In addition, we are conscious of the James Onyutta The pace of change has never been greater. The fact that the way we do business has to change in all the stakeholders digital transition has affected all sectors and the post COVID’19 world. We plan to strategize on including the activities, and, right now, the financial sector these lines so that the adversity is converted into It gives me great pleasure to place before you the in particular. Ease of use, simple and intuitive opportunities. As the Managing Director of FINCA shareholders. highlights of the FINCA Uganda’s performance design, and the ability to connect large amounts Uganda, I am excited to be part of this journey. -
The Bank Scene Newsletter of the Uganda Institute of Banking and Financial Services
The Bank Scene Newsletter of the Uganda Institute of Banking and Financial Services July 2019 East African Community budgets signal new wave of Editorial huge borrowing Dear our esteemed readers, East Africa’s finance ministers presented expansionary budgets with ambitious revenue Here is the July issue of the Bank Scene. targets that are likely to be missed. This could lead to more borrowing amid rising con- cerns over looming debt distress. In Uganda, the Finance Minister, Mr. Matia Kasaija presented a Shs40.5 trillion ($10.7bn) budget, a 21 percent rise from the Shs32.7 trillion The 19th edition of the East African ($8.7bn) to fund increased spending on military, public administration and infrastructure Banking School shall be held at the spending. East Africa’s third largest economy plans to borrow more from local and foreign Ngurdoto Mountain Lodge in Arusha, Tanzania between the 12th – 16th Au- sources with Uganda Revenue Authority (URA) expected to collect slightly about Shs18 gust 2019. The Theme for this year’s school is “The Role of Ethics in the Digital Age of Financial Services”. We are still receiving nominations from Fi- nancial Institutions and interested indi- viduals to this historic event. We also wish to advise that classes for the July – November 2019 intake for our Professional courses commenced on Monday, 22nd July 2019. Kindly note that we are also still receiving applica- tions for the Post Graduate Diploma in Agricultural Risk Management & Fi- nance Programmes for the August – No- vember 2019 intake. We encourage you to take up these programmes to enrich your skills, academic and professional credentials Have a fruitful and blessed August! INSIDE Financial Services Industry news and highlights Highlights from the Registrar’s Office and Training Department Professional Trainings at the Institute Upcoming Short skills Courses for August 2019 UIBFS Library Services and how to become a member of UIBFS The E - Learning platform can be accessed at http://elearning.uibfs.or.ug The Bank Scene July 2019 trillion in taxes. -
Court Case Administration System
Court Case Administration System https://ccas.judicature.go.ug/ccas/causelistmaker3.php?todate=05-03-20... THE REPUBLIC OF UGANDA IN THE HIGH COURT OF UGANDA(HCT) AT KAMPALA COMMERCIAL REGISTRY CAUSELIST FOR THE SITTINGS OF : 01-03-2021 to 05-03-2021 MONDAY, 01-MAR-2021 HON. DR. JUSTICE HENRY P. BEFORE:: COURT ROOM :: COURT NO. 4 ADONYO Case Time Case number Par�es Claim Si�ng Type Posi�on Category STANDARD CHARTERED BANK HCT-00-CC- PENDING 1. 09:00 Civil Suits UGANDA LIMITED VS TADEO RECOVERY OF 9,041,275,875 AND COSTS Men�on CS-0925-2020 DIRECTIONS MUKONYEZI & ANOTHER ALEWI JANYARE DONATUS VS HCT-00-CC- SHS 213,626,234, G/DAMAGES, Scheduling PENDING 2. 09:00 Civil Suits UGANDA DEVELOPMENT CS-0629-2017 A/DAMAGES, INTEREST & COSTS conference HEARING BANK LTD M/S SILVER DRAGON GROUP HCT-00-CC- Miscellaneous TECHNOLOGY & TRADING ORDERS DISMISSING CIVIL SUIT BE SET PENDING 3. 09:00 Ruling MA-1018-2020 Applica�on GROUP VS JOSE MUKASA & 3 ASIDE RULING OTHERS IBRAHIM SSEBAGALA VS DECLARATIONS, PERMANENT INJUNCTION, HCT-00-CC- PENDING 4. 09:00 Civil Suits CENTENARY RURAL PUNITIVE & GENERAL DAMAGES, MESNE Men�on CS-0980-2020 DIRECTIONS DEVELOPMENT BANK PROFITS, COSTS MUGUNDHO HERBERT VS HCT-00-CC- Origina�ng UNDER 5. 09:00 OWOR MIKE AKWOYO & 3 MORTGAGE Men�on OS-0004-2019 Summons HEARING OTHERS AGRICULTURAL BUSSINESS HCT-00-CC- UG X 342,917,532 DECLARATION, GENERAL PENDING 6. 11:00 Civil Suits INITIATIVE TRUST VS EL Men�on CS-0379-2018 DAMAGES, INTEREST AND COSTS DIRECTIONS CAFINO UGANDA LTD ENG. -
Housing Finance in Kampala, Uganda: to Borrow Or Not to Borrow
Housing Finance in Kampala, Uganda: To Borrow or Not to Borrow ANNIKA NILSSON Doctoral Thesis Stockholm, Sweden 2017 KTH Centre for Banking and Finance Dept. of Real Estate and Construction Management TRITA FOB-DT-2017:2 SE-100 44 Stockholm ISBN 978-91-85783-75-5 SWEDEN Akademisk avhandling som med tillstånd av Kungl Tekniska högskolan framlägges till offentlig granskning för avläggande av teknologie doktorsexamen i Fastigheter och byggande tisdagen den 28:e mars 2017 kl 13:00 i rum F3, Lindstedtsvägen 26, Kungliga Tekniska högskolan, Stockholm. © Annika Nilsson, februari 2017 Tryck: Universitetsservice US AB Abstract Housing is an important part of development processes and typically re- quires long-term finance. Without long-term financial instruments, it is difficult for households to smooth income over time by investing in housing. However, in developing countries the use of long-term loans is limited, particularly among the middle-class and lower income individuals. Most people in developing coun- tries build their houses incrementally over time without long-term loans. The limited use of long-term loans is generally seen as a symptom of market failures and policy distortions. This thesis empirically explores constraints to increase housing loans and factors that determinate the demand for different types of loans for investment in land and residential housing. The study is conducted in Kampala, the capital of Uganda. The thesis looks at supply and demand of loans. Most of the data on the supply side is collected through interviews and literature studies. The demand side is investigated through questionnaires to household where data is collected in four surveys targeting different household groups.