CIRCULAR ON UMRA LICENSED DIGITAL LENDERS
The Uganda Microfinance Regulatory Authority (UMRA) is hereby issuing a circular directing digital lenders to remain compliant with the Tier 4 Digital Lending guidelines that the Authority issued recently.
The Authority has noted with concerns that some licensed digital credit providers may be engaging in misleading or deceptive representation, unethical loan collection practices, and harassment of borrowers.
The circular is here attached below.
