umra

31
May

What the Public Should Know About Non Deposit Taking Microfinance Institutions.

Non-Deposit Taking Microfinance Institution means a company or a non-government organization licensed to carry out money lending business under section 62 of the Tier 4 Microfinance Institutions and Moneylenders Act, 2016;   Although there is a thin line between Money Lenders and Non Deposit Taking Microfinance Institutions in terms of licensing requirements and regulations, the two institutions can be differentiated

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17
Apr

Advisory to microfinance sector and money lenders in Uganda

The Tier 4 Microfinance Institutions and Moneylenders Act, 2016 provides a framework for licensing, regulating and supervision of all Tier 4 Microfinance Institutions and Moneylenders in Uganda, and the establishment and operationalization of Uganda Microfinance Regulatory Authority (UMRA). UMRA is mandated to license, regulate and supervise savings and credit cooperatives (SACCOs), credit-only microfinance Institutions, private businesses and individuals engaged in

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9
Jul

REMARKS BY EXECUTIVE DIRECTOR

REMARKS BY EXECUTIVE DIRECTOR , UGANDA MICROFINANCE REGULATORY AUTHORITY AT THE INFORMATION SHARING WORKSHOP BETWEEN UMRA LICENSEES AND CRAFT SILICON LIMITED  HELD AT HOTEL AFRICANA 24/06/19 The Head of Craft Silicon Limited CEOs/MDs for UMRA Licensed Institutions Ladies and Gentlemen Good morning First I would like to thank you all for creating time out of your busy schedules to attend

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20
Jun

UMRA GETS A SUBSTANTIVE EXECUTIVE DIRECTOR

Edith Namugga Tusuubira is the new substantive Executive Director of the Uganda Microfinance Regulatory Authority. Ms. Edith Tusuubira replaces Elly Avu Biliku, who has been acting as the Executive Director. Mr Biliku was seconded from the Ministry of Finance Planning and Economic Development to kick start the establishment of the Authority in 2017. Mr. Biliku has now been transferred to

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13
Jun

UMRA SHINES AS IT TAKES PART IN BUDGET WEEK SERVICE EXCELLENCE AT KOLOLO.

The Uganda Microfinance Regulatory Authority (UMRA) joined dozens of other Government agencies to participate in activities leading to the budget presentation. The Authority led by the new Executive Director Mrs Tusuubira Edith and the two Directors, Andrew James Nyakoojo, Director Supervision and Emong Ojulang Peter, the Director Finance and Administration first took part in the tree planting activity along Kampala

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14
May

EXECUTIVE DIRECTOR’S REMARKS AT A SENSITISATION WORKSHOP

EXECUTIVE DIRECTOR’S REMARKS AT A SENSITISATION WORKSHOP ON THE TIER 4 MICROFINANCE INSTITUTIONS AND MONEY LENDERS ACT AND REGULATIONS AT FAIR WAY HOTEL KAMPALA IN SOLAIUM VISTA HALL. The Managing Director Association of Microfinance Institutions in Uganda   Chairperson Uganda Money Lenders Association   Managing Director Metropol   UMRA LICENCEES   Invited Guests in your respective capacities   Ladies and

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27
Mar

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 into effect on 5th July 2016 and commenced operations on July 1st 2017 with the mandate of

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13
Mar

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

The desperation for money has blindfolded 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 died after reportedly failing to repay a micro-credit loan of 300000 Shillings

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15
Nov

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 Microfinance institutions and Money lenders Act 2016, the effective commencement date was July

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13
Sep

Five UMRA staff get coveted international assessment certificates

By Edward Bindhe Communications Manager UMRA. Five officials from Uganda Microfinance Regulatory Authority are among the 25 Ugandans who have qualified to become internationally recognized assessors after undergoing through Smart Campaign training. The officers are Hellen Nalweyiso, a compliance officer, NNOD Edmond Okiror Okwii, the legal officer, Ezra Balihamwe, the Compliance officer in charge of SACCOs, Dennis Oluka, Compliance officer

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