This Guidance is issued by the Uganda Microfinance Regulatory Authority (UMRA) pursuant to S. 27 of the Anti-Money Laundering Act, 2013 as amended. The Anti- Money Laundering Act, 2013 (the “AMLA”) identifies any person who conducts the business of lending, inter alia; consumer credit, mortgage credit, factoring with or without recourse and financeof commercial transactions […]
Uganda Microfinance Regulatory Authority (UMRA) publishes Microfinance Institutions and Money lenders as of May 2023 for the public to transact with.
The overall project objective was to strengthen the ecosystem of Savings Groups by enabling a legal and regulatory environment.
Remarks by Executive Director on Security Interest in Movable Property Registry System (SIMPO) on 4th February, 2021
I would like to begin by thanking the management of URSB for organizing this important workshop and for inviting me to give Remarks.
In May 2016, Parliament passed the Tier 4 Microfinance Institutions and Money lenders Act to Regulate the Tier 4 Microfinance Institutions and Money Lenders with the objective of protecting the borrowers against bad lending and unethical practices of the lenders, to build confidence in microfinance business and promote financial inclusion.
A money lending business should be a company registered with Uganda Registration Services Bureau (URSB) and licenced by Uganda Microfinance Regulatory Authority (UMRA) in accordance with the Tier 4 Microfinance Institutions and Moneylenders Act, 2016.
The Uganda Registration Services Bureau (URSB) and Uganda Microfinance Regulatory Authority (UMRA) has signed a memorandum of understanding to further ease access to finance for small businesses.