Advisory

Uganda Microfinance Regulatory Authority (UMRA) was established under the Tier4 Microfinance Institutions and Money Lenders Act, 2016 to license, regulate and supervise all Tier 4 Microfinance Institutions and Money Lenders in Uganda. The Tier 4 Institutions include Savings and Credit Cooperatives (SACCOs), NonDeposit Taking Microfinance Institutions, Self Help Groups, and Moneylenders. The Authority hereby informs […]

The Uganda Microfinance Regulatory Authority (UMRA) continues to observe the effects of the corona virus pandemic on the MFI sector and Money lenders in order to manage its effects. GL 0001 is released to provide guidance on credit management and loan restructuring for the MFI sector and Money Lenders. These guidelines shall be in force […]

The Uganda Microfinance Regulatory Authority (UMRA) just completed an assessment on the impact of the Covid-19 pandemic on the Tier 4 Microfinance Institutions and Money Lenders and this has enabled us appreciate the challenges the sector is facing. We will work with the necessary stakeholders to lay strategies on how we can support the sector […]

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 […]