UMRA Tier VI Regulation in Uganda

Because of the risks facing poor borrowers and depositors of Tier IV financial institutions, the Ministry of Finance, Planning, and Economic Development (MoFPED) has been working to create a legal framework, which effectively governs the spectrum of Tier IV financial institutions with the objective of protecting the savings of the poor depositors, limiting predatory lending practices, and building confidence in the system to promote financial inclusion.

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