Enhance Financial Inclusion and Consumer Protection

By monitoring the market to ensure adherence to the consumer protection principals.

Restore Investor and Consumer Confidence

By promoting Legitimacy and building the confidence of members, customers and investors in the Microfinance business.

Protect Depositor's Savings

Promotion of transparency and accountability by applying both prudential and non-prudential standards to safe guard members' deposits.

Limit Predatory Lending and Unethical Practices

By promoting stability and integrity of the sector through ensuring stability and security of Tier 4 Microfinance Institutions.
0 years of excellence

World-Class Regulator

We aim to be a world-class regulator by promoting stability of the microfinance sector to achieve financial inclusion
About Us

UMRA is an autonomous Government Agency

Expected to promote a sound and sustainable non-banking financial institution’s sector (savings and credit cooperatives, village saving and loan associations, non-deposit taking microfinance institutions and money lenders) to enhance financial inclusion, financial stability, and financial consumer protection among the lower income population in Uganda

Pro-people Participation

We are built on freedom of association and speech to participate constructively.

Transparent Processes

We ensure citizens have availability of information deemed public.
Our functions

We are mandated to serve in these capacities.

Regulation

We provide standards and guidelines to regulate and control of Tier 4 microfinance institutions.
We provide standards and guidelines to regulate and control of Tier 4 microfinance institutions.

Licensing

We provide for the licensing to operate and management of Tier 4 microfinance institutions.
We provide for the licensing to operate and management of Tier 4 microfinance institutions.

Supervision

We inspect and analyse audited accounts, documents and related information of Tier 4 MFIs.
We inspect and analyse audited accounts, documents and related information of Tier 4 MFIs.
Our Focus

Legal and Regulatory Framework for Tier 4 MFIs

These are diverse in form, size and sector composition and they include;

Money Lenders
84%
Savings and Credit Cooperatives (SACCOs)
8%
Credit-Only Microfinance NGOs
6%
Village Savings and Loan Associations (VSLAs)
3%
FAQs

Check out some of our Frequently Asked Questions.

01. How long does it take to have a license?
The Act provides for 90 days after receiving the application. Incase additional information is requested for by the authority, the 90 days will be counted from the day the additional information is submitted.
02. Is every money lender supposed to set own interest rate?
* The Tier 4 was purposely established to protect consumers from the exorbitant interest rates set by the money lenders as well as their illegal modes of transacting businesses.

* Currently the Money Lenders set their own interest rates until the Minister empowered through the Tier 4 Microfinance Institutions and Money Lenders Act 2016 under Section 90 (1) to prescribe the maximum Interest rate which a money Lender is to charge.
03. Can't an individual start own company and secure a license to transact money lending business?
Any individual can secure a Money Lenders License from UMRA provided they register as a Company with the Uganda Registration Services Bureau under the Companies Act 2012
04. How can one secure a money lending license from UMRA?
Provide UMRA with the following documents;

* A certificate of incorporation
* Forms of particulars of directors and secretary
* Particulars of the address
* copies of national identity cards for directors and the secretary; and
* Evidence of payment of the fees prescribed in schedule 1 to these Regulations.
Twitter Feed

Keep engaged with our latest Tweets.

If you want to know whether an institution is licensed, go to any bank and pay a search fee of UGX 25000 to @URAuganda then write to the Executive Director with particulars of institutions you are searching then submit.

Good morning Uganda. Do you have an inquiry on how to complain against a licensed money lending company, kindly send your email to #complaints@umra.go.ug or come to our offices . Our complaint handling committee will follow up @sheilahbirungi1 @bindhejean

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Our Insights

Learn from our latest Publications.

Access the latest news and highlights happening at UMRA and within the Tier IV Microfinance Institutions Sector.