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 Microfinance institutions and Money lenders Act 2016, the effective commencement date was July 5th 2016. The Board was inaugurated in December 2017. The authority offices are located on Wing B of Rwenzori Towers Ground floor Plot 6. Nakasero Road.
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