UMRA Celebrates World Consumer Rights Awareness Day.

By Bindhe Edward Uganda Microfinance Regulatory Authority has taken part in the activities to commemorate Consumer Rights Awareness Day. The Uganda Microfinance Regulatory Authority –UMRA was established under section 6 of the Tier 4 Microfinance Institutions and Money Lenders Act, 2016. It came ...

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Don’t Borrow Beyond Your Repayment Capacity, Don’t Sign Sales Agreements.

The desperation for money has blindfolding many borrowers to sign sales agreements and transfer forms yet they are supposed to sign loans agreements. This bad lending practice is forcing them to lose their assets to unscrupulous money lenders. The story of Gubindi, a resident of Jinja who allegedly ...

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Invest your savings wisely – UMRA Boss

World Savings Day was established to inform people about the idea of saving money. Mr Avu Elly Biliku, the Acting Executive Director of Uganda Microfinance Regulatory Authority, spoke to Daily Monitor’s Isaac Ssejjombwe. When was UMRA formed? UMRA was established under section 6 of the Tier 4 ...

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