UGAFODE Microfinance Limited Company Profile and Information

UGAFODE Microfinance Limited is a leading microfinance institution in Uganda, with a strong presence in the country's financial sector. The company was established in 2000.

UGAFODE Microfinance Limited is headquartered in Kampala, Uganda's capital city. The company has been in operation for over two decades, serving a large customer base across the country.

UGAFODE Microfinance Limited offers a range of financial products and services to its customers, including savings and loans. The company's mission is to provide financial services to low-income households and small businesses.

UGAFODE Microfinance Limited is a leading microfinance institution in Uganda, founded in 2000.

The company's vision is to be a leading microfinance institution in Uganda, providing innovative financial solutions to its customers.

UGAFODE Microfinance Limited is licensed by the Central Bank of Uganda, ensuring the stability and security of its operations.

UGAFODE Microfinance Limited is based in Kampala, Central Region.

UGAFODE has a rich history that dates back to 1994 when it was founded as the Uganda Agency for Development Limited.

Its primary objective was to provide affordable financial services to its customers.

In 2010, the institution underwent a significant transformation, incorporating UGAFODE Microfinance Limited as a limited company.

This move marked the beginning of a new chapter for UGAFODE, paving the way for its future growth and development.

In 2011, the institution welcomed eight new shareholders, including Ezra Suruma, a former Ugandan minister of finance.

The addition of new shareholders brought fresh perspectives and expertise to the company.

UGAFODE's application for an MDI banking license was approved in October 2011, and it began its MDI operations on October 10, 2011.

UGAFODE Microfinance Limited can be classified under various industry codes.

The company's NAICS code is 522, which falls under the broader category of Depository Credit Intermediation.

UGAFODE Microfinance Limited's NAICS codes also include 52211, 5221, and 522110, which further specify the company's activities within the Depository Credit Intermediation industry.

For classification purposes, UGAFODE Microfinance Limited's SIC code is 60, which categorizes the company under the broader industry group of Depository Institutions.

UGAFODE Microfinance Limited's SIC code also includes 602, which further specifies the company's activities within the Depository Institutions industry.

The NAICS code is a crucial identifier for businesses, and understanding it is essential for classification and categorization.

The NAICS code for UGAFODE Microfinance Limited is 52.

In this case, the NAICS code 52 specifically refers to "Finance and Insurance."

UGAFODE Microfinance Limited's NAICS code is also 52211, which further breaks down to "Depository Credit Intermediation."

The company's NAICS code is also 5221, which is a more general category for "Depository Credit Intermediation and Related Activities."

A more specific NAICS code for UGAFODE Microfinance Limited is 522110, which indicates "Commercial Banking."

The NAICS code 522 is also relevant, as it categorizes the company under "Depository Credit Intermediation and Related Activities."

SIC Code is a crucial tool for industry classification. It's used to categorize businesses based on their primary activities.

The SIC code for UGAFODE Microfinance Limited is 60 and 602.

Each SIC code represents a specific industry or group of industries.

UGAFODE Microfinance Limited has been around since 1994, working tirelessly to provide affordable financial services to its clients.

Its mission is to transform the living conditions of Ugandans, economically and socially.

The Institution has a clear leadership structure, and at the helm is Shafi Nambobi, who serves as the CEO of UGAFODE Microfinance Limited. He is the one responsible for making key decisions that shape the institution's future.

Shafi Nambobi is the CEO of UGAFODE Microfinance Limited, and his leadership is crucial to the institution's success.

UGAFODE was created in 1994 with a clear mission in mind. The institution's main goal is to provide affordable primary financial services to its clients.

Since its creation, UGAFODE has been working tirelessly to mobilize resources and make a positive impact on the lives of Ugandans.

UGAFODE's mission is to transform the living conditions of Ugandans, economically and socially.

UGAFODE Microfinance Limited offers a range of services to cater to the diverse needs of its customers. These services include savings accounts, loans, and other financial products.

UGAFODE has partnered with various organizations to expand its reach and services. One such partner is the Uganda Women's Finance Trust Limited (UWFSL), which provides financial services to women in Uganda.

Through these partnerships, UGAFODE aims to increase financial inclusion and improve the lives of its customers.

UGAFODE Microfinance Limited has a significant annual revenue. The UGAFODE Microfinance Limited annual revenue was $53.2 million in 2025.

Their financial stability is likely a result of their commitment to providing quality services.

The branch network of a financial institution is a crucial aspect of its services. As of October 2024, the institution has a total of 19 branches across various locations in Uganda.

Some of these branches are located in major towns, such as Kampala, Jinja, and Mbale. The Bombo Road Branch/ SME Suite, for instance, is located in Kampala, while the Jinja Branch is simply located in Jinja.

The institution also has a presence in rural areas, with branches in towns like Ishaka, Ibanda, and Kyotera. The Ishaka Branch, for example, is located on Rukungiri Road.

Here's a list of some of the branches, grouped by region:

The institution also has a number of Sales and Customer Service Centres, including the Kitagwenda Sales and Customer Service Centre, the Kyangwali Sales and Customer Service Centre, the Rubaale Sales and Customer Service Centre, and the Rubondo Sales and Customer Service Centre.

UGAFODE Microfinance Limited has opened a mini-branch in Nakivale Refugee Settlement, Isingiro district, to extend financial services to refugees.

This initiative is a result of a successful pilot scheme of financial inclusion for refugees in Kampala, where UGAFODE adjusted its policies and procedures to cater to the needs of refugees.

The Nakivale branch will provide refugees with access to credit, savings, and money transfer services, which will help them build sustainable livelihoods and resilience.

Nakivale settlement hosts over 100,000 refugees from 13 countries, most of whom are engaged in agriculture and trade, and the branch will extend financial services to smallholder refugee farmers and host community members.

With the establishment of this UGAFODE branch in the camp, refugees can now be served easily, saving them from traveling long distances to access financial services in Mbarara or Isingiro.

The branch will help refugees save on transport costs and time wasted traveling, as previously they had to spare a day just to go to the bank due to poor roads.

UGAFODE plans to roll out financial services to refugees in other settlements in the future, building on the success of this initiative.

In the realm of lending, transparency is key, and having full pricing data is crucial for both lenders and borrowers. Full pricing data provides a comprehensive breakdown of the costs associated with a loan, helping borrowers make informed decisions.

The full pricing data in our records includes loan amounts ranging from UGX 6,000,000 to UGX 10,000,000. Loan terms are standardized at 12 months, with no grace period.

Total Cost of Credit varies significantly, from UGX 1,986,000 to UGX 3,300,000. This variation is largely due to differences in interest rates, which range from 50.4% to 50.6%.

The interest price component is a significant factor in the total cost of credit, accounting for 50.4% to 50.6% of the loan amount. The fee component, on the other hand, ranges from 4.4% to 4.6%.

Here's a breakdown of the components that make up the full APR:

This comprehensive breakdown of the full APR helps borrowers understand the true cost of the loan and make informed decisions.

At UGAFODE Microfinance Limited, you can borrow in Ugandan Shillings (UGX). The minimum loan size is UGX 5,000,000, while the maximum loan size is UGX 10,000,000.

The interest rates vary depending on the loan size and term. Here's a breakdown of the interest rates for different loan sizes:

Loans can be repaid in as little as 3 months, but the average loan term is 12 months.

The loan conditions are an essential aspect of understanding how loans work. The minimum loan size is UGX 5,000,000, while the maximum loan size is UGX 10,000,000.

Interest rates vary depending on the loan amount. For loans between UGX 5,000,000 and UGX 7,500,000, the interest rate is 40%. For loans between UGX 7,500,000 and UGX 10,000,000, the interest rate is 60%.

The shortest loan term is 3.0 months, while the longest loan term is 24.0 months, with an average of 12.0 months.

Interest rates also vary depending on the loan term. For loans 3 months or less, the interest rate is 0%. For loans between 4 and 6 months, the interest rate is 20%. For loans between 7 and 9 months, the interest rate is also 20%. For loans between 10 and 12 months, the interest rate is 30%. For loans between 13 and 18 months, the interest rate is 20%. For loans longer than 18 months, the interest rate is 10%.

The grace period usage is 0, and the average grace period is 3.0 months.

Loan pricing information can be complex and overwhelming, but let's break it down into simple terms. The lowest quoted nominal interest rate is 2.50%, according to example 3. This is a great starting point for borrowers who want to compare loan options.

The interest rate period is monthly, meaning that interest is charged on the outstanding balance each month. This can add up quickly, so it's essential to understand how interest is calculated. In example 3, the interest rate calculation method is flat, which means that interest is charged on the entire loan amount.

Fees are another crucial aspect of loan pricing. According to example 3, there are two fees: the loan application fee and stamp duty, which can range from 10,000 to 15,000, and the loan commission, which is 2% of the loan amount. These fees can add up quickly, so it's essential to factor them into your loan calculations.

Here's a summary of the fees:

In terms of insurance, example 1 shows that most loan products have one or more insurance options. The insurance premium is typically a percentage of the loan amount, ranging from 0.85% to 0.85%. This can add up quickly, so it's essential to factor insurance costs into your loan calculations.

The annual nominal interest rate is a key factor in loan pricing. According to example 1, the annual nominal interest rate ranges from 24% to 36%. This can add up quickly, so it's essential to understand how interest is calculated.

Here's a summary of the annual nominal interest rates:

In terms of loan terms, example 2 shows that the shortest loan term is 3 months, while the longest loan term is 24 months. The average loan term is 12 months. This can impact the total cost of the loan, so it's essential to factor loan terms into your calculations.

Here's a summary of the loan terms:

I hope this helps you understand loan pricing information better. Remember to factor in all the costs, including interest, fees, and insurance, when comparing loan options.