FINCA Uganda Limited
{{Short description|Microfinance institution in Uganda}}
{{Infobox company
| name = FINCA Uganda Limited(MDI)
| logo =
| type = Private
| company_slogan =
| foundation = 1992
| location = Plot 11B Acacia Avenue,
Kampala, Uganda
| key_people = James Onyutta
managing director
| num_employees = 550+
| assets = UGX:128.51 billion
| revenue =
| industry = Financial services
| products = Loans, savings, Money Transfers
| homepage = [http://www.finca.ug/ Homepage]
}}
FINCA Uganda Limited, also known as FINCA Uganda, is a microfinance deposit-accepting institution (MDI) in Uganda. It is licensed and regulated by the Bank of Uganda, the central bank and national banking regulator.{{cite web | access-date=24 July 2017 | url=https://www.bou.or.ug/bou/bou-downloads/financial_institutions/2017/MDIs-and-addresses-05-09-2016.pdf | format=PDF | title=List of Licensed Microfinance Deposit-Taking Institutions (MDIs), As at 5 September 2016 | publisher=Bank of Uganda | last=BOU | location=Kampala | date=5 September 2016 }}{{Dead link|date=March 2024 |bot=InternetArchiveBot |fix-attempted=yes }}
Location
The headquarters of FINCA Uganda Limited are located at Plot 11B Acacia Avenue in Kampala Central Division, one of the five administrative divisions of the city of Kampala, Uganda's capital and largest city, about {{convert|5|km|0}} north of the city centre.{{google maps| url=https://www.google.com/maps/dir/Clock+Tower,+Kampala/FINCA+ATM,+Kampala/@0.3258996,32.5769473,14z/data=!4m14!4m13!1m5!1m1!1s0x177dbc88bc6dc8a7:0x60eba979cb8a1e6e!2m2!1d32.5779778!2d0.3072569!1m5!1m1!1s0x177dbba15a767e6d:0x29e260a82190e3d!2m2!1d32.5877331!2d0.3349261!3e0 |title=Distance between Clock Tower, Kampala, Central Region, Uganda and FINCA ATM, Kampala, Central Region, Uganda |access-date=13 January 2021}} The coordinates of the company headquarters are 00°20'07.0"N, 32°35'16.0"E (Latitude:0.335278; Longitude:32.587778).{{google maps | title=Location of the Headquarters of FINCA Uganda Limited | url=https://www.google.com/maps/place/0%C2%B020'07.0%22N+32%C2%B035'16.0%22E/@0.335278,32.5855893,17z/data=!3m1!4b1!4m5!3m4!1s0x0:0x0!8m2!3d0.335278!4d32.587778 |access-date=12 August 2016}}
Overview
FINCA Uganda was licensed as an MDI in 2004, although the institution has been in the country since 1992.{{cite web | url=http://www.finca.org/who-we-are/history | access-date=12 August 2014 | date=2013 | title=FINCA International: Who We Are: History | publisher=FINCA International (FINCA) | last=FINCA | location=Washington, D. C.}}
FINCA provides financial services to Uganda's lowest-income entrepreneurs with the aim of alleviating poverty through lasting solutions that help people to create jobs, build assets, and improve their standard of living. As an MDI, FINCA Uganda is a Tier III Financial Institution. It is therefore prohibited from dealing in foreign exchange and cannot issue checking accounts.{{cite web | access-date=12 August 2016 | format=PDF | url=http://fic.wharton.upenn.edu/fic/africa/Uganda%20Final.pdf | title=Uganda: Wharton Financial Institutions Center | publisher=Wharton School of the University of Pennsylvania | author=Michael Dzineku | display-authors=etal | location=Philadelphia, Pennsylvania, USA | date=2009 | archive-url=https://web.archive.org/web/20161012014624/http://fic.wharton.upenn.edu/fic/africa/Uganda%20Final.pdf | archive-date=12 October 2016 | url-status=dead }}
As of December 2015, the institution's asset base was UGX:128.51 billion, with shareholders' equity of UGX:42.67 billion.{{cite web | url=http://www.finca.ug/files/2013/12/Financial-report-2015.pdf | format=PDF | title=Summarised Audited financial statements for the year ended 31 December 2015 | access-date=13 August 2016 | date=12 April 2016 |
author=FINCA Uganda | publisher=FINCA Uganda Limited | location=Kampala}}
FINCA Uganda was one of the first financial institutions in Uganda to introduce biometric technology in 2011.{{cite web | last=Kulabako | url=http://mobile.monitor.co.ug/Business/-/1055106/1157122/-/format/xhtml/-/rxu1jh/-/index.html | first=Faridah | date=6 May 2011 | title=Technology Spurring Innovations In Banking | access-date=3 July 2014 | publisher=Daily Monitor Mobile | archive-date=10 June 2015 | archive-url=https://web.archive.org/web/20150610131254/http://mobile.monitor.co.ug/Business/-/1055106/1157122/-/format/xhtml/-/rxu1jh/-/index.html | url-status=dead }}
Ownership
It is a subsidiary and member organization of FINCA International, headquartered in the United States.{{cite web | date=12 November 2015 | url=http://www.newvision.co.ug/new_vision/news/1411654/finca-launches-offices | title=FINCA Launches Offices | author=Vision Reporter | location=Kampala | access-date=13 August 2016 | newspaper=New Vision}}
See also
References
{{reflist}}
External links
- [http://www.finca.ug/ Website of FINCA Uganda Limited]
{{Kampala District}}
{{coord|00|20|07|N|32|35|16|E|display=title}}
Category:Companies based in Kampala