News

10
Sep

URSB, UMRA partner to ease credit access for MSMEs

By Our Reporter  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. According to Bemanya Twebaze, URSB registrar general: “This working partnership will help us promote the usage of our security interest in movable property registry (SIMPO) while enabling access to credit

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7
Jul

SACCO REGULATIONS AVAILABLE

We are pleased to inform the public that the Tier 4 Microfinance Institutions and Money Lenders (SACCO) Regulations,2020 have been gazetted and made available on the website. The SACCO regulations implement the Tier 4 Microfinance Institutions and Money Lenders Act,2016 which mandates Uganda Microfinance Regulatory Authority (UMRA) to regulate, license, and supervise SACCOs, Money Lenders, and Non-Deposit Taking Microfinance Institutions.

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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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