What is Microfinance License?
Microfinance is a category of financial services targeting individuals and small businesses who lack access to conventional banking and related services.
Microfinance License In Uganda
How much does it cost to get a microfinance license in Uganda?
Certification fees: 20,000Ugshs. Inspection and registration of additional places 300,000Ugshs.
Application for a search of the register 25,000Ugshs.
Where can I apply for a microfinance license in Uganda?
Rwenzori Towers. Block B, Ground Floor. Plot 6 Nakasero Road. Kampala.
info@umra.go.ug.
Call: +256 417 799 700.
Fax: +256 414 230 163.
P.O Box 11545. Kampala- Uganda.
Mon to Fri: 8 am – 5 pm. Weekends: CLOSED.
What are the requirements for applying for a microfinance institution operating Licence?
A business plan and financial projections (income statement, balance sheet, and cash flow) for the first five (5) years of operations.
Details of assumptions upon which the financial projection has been made.
Objectives and aims of the proposed Microfinance Institution.
Justification for the Establishment of the Microfinance Institution
The organizational structure of the company sets out in detail the functions and responsibilities of the top management team.