Tag Archives: loans

Kampala, Uganda | THE INDEPENDENT | As 2021 gets to the end, Stanbic Bank Uganda has unveiled what it terms as ‘exciting offers’ on unsecured personal loans effectively activating the festive mood among customers. In a Nov.01 media statement, Uganda’s largest bank by assets, said, the promotional offer runs until end …

Kampala, Uganda | THE INDEPENDENT | Stanbic Bank has signed a partnership with the ministry of health which will see the bank offer a range of low interest loans to health workers across the country. The loans range from personal unsecured salary loans to secured loans, mortgages, vehicle and asset financing …

Kampala, Uganda | THE INDEPENDENT | Proprietors of private schools have rejected a government offer for them to access loans from the Microfinance Support Centre. They say schools require a lot more money than the Microfinance Support Centre is able to offer and the interest rates offered are too high. Following …

Kampala, Uganda | THE INDEPENDENT | The Speaker Jacob Oulanyah has urged Uganda Development Bank (UDB) to reduce its lending rate from 12 percent saying that access to affordable loans by majority of Ugandans is a key driver of socio-economic transformation. He made the remarks while meeting with the Board of …

Kampala, Uganda | THE INDEPENDENT | The Microfinance Regulatory Authority-UMRA has asked financial institutions to provide fast and unsecured loans to individuals affected by the Covid-19 lockdown. The outbreak of the pandemic and the ensuing lockdown of movement and operations led to a drop in both the demand and supply of …

Kampala, Uganda | THE INDEPENDENT | The Minister of State for Economic monitoring Peter Ogwang has said they will carry out an audit on all Government loans to assess their performance and progress. According to Ogwang, the Audit will be conducted to assess the number of loans in the country, …

Kampala, Uganda | THE INDEPENDENT | The Ministry of Finance, Planning and Economic Development has warned ministries and government departments against relying on supplementary budgeting in the next financial year, saying it will not be easy for them. Minister Matia Kasaija told the National Budget Conference, that supplementary requests are making …

Kampala, Uganda | THE INDEPENDENT | The Uganda Microfinance Regulatory Authority-UMRA is launching what they have called impromptu operations against Tier4 microfinance institutions and moneylenders that are either not registered or are violating licensing terms. This follows persistent complaints from the public about fraud in the industry as well as uncoordinated …

Kampala, Uganda | THE INDEPENDENT | Private healthcare professionals have said that the directive by President Yoweri Museveni to add them to the list of businesses that can benefit from the credit facility under Uganda Development Bank (UDB) is not a solution to their financing problems. Over the weekend, President Museveni …

  Boda boda riders in Karamoja want President Museveni to stop the pressure mounted on them by the companies that sold them motorcycles on loan Moroto, Uganda | THE INDEPENDENT | A group of young people who have been earning a living through operating boda boda business in Karamoja have asked …