Uganda Microcredit Foundation Ltd from Uganda


Uganda Micro Credit Foundation Ltd (UMF) is an MFI involved in extending small and medium credit facilities to Ugandans both in rural and urban areas who are economically active but lack adequate capital to improve their income generating activities.


Biography
Uganda Micro Credit Foundation Ltd( UMF) is a micro finance institution involved in small and medium credit financing. UMF offers small and medium credit facilities to Ugandans both in rural and urban areas who are economically active but lack adequate capital to improve their income generating activities and livelihood.Many of such clients are disadvantaged in a way that the formal banking sector cannot easily extend financial services to them.

UMF sealed this gap through the provision of non-collateralized group loans where each member acts as a guarantor to the other. Small business people hitherto wouldn’t qualify for loans from commercial banks, now stand an opportunity of accessing both micro and medium size loans from UMF by presenting chattels (Non Formal Collaterals) and formal collaterals like log books and land titles for individual commercial loan borrowers.Such clients use these small and medium size loans todo so many things like business expansion, construction and renovations, school fees payments, Asset aquisitions, to mention but a few.

UMF as a growing microfinance institution in Uganda has had an impressive growth in its four years of existence. UMF currently has 4 branches that operate profitably with increasing business volumes and membership. The current success of UMF has been mainly due to the company’s keen attention to professional standards, tapping available business opportunities, customer focused and tailored service.


Contact details

Uganda Microcredit Foundation Ltd

P.O. Box 23488 Kampala

Head Office: Plot 33 seeta Mukono,  Jinja Highway

Tel:  +256 414 663 686 / +256 702 922 325/ +256 702 978 013

Email: info@umf.co.ug

Web: www.umf.co.ug  (under development)