Opportunity Uganda Limited
Encyclopedia
Opportunity Uganda Limited (OUL), is a credit institution (Tier II Financial Institution
) in Uganda
.
, an upscale business and residential neighborhood, within the city of Kampala
, Uganda's capital. The coordinates of the company headquarters are:00 19 48N, 32 35 13E (Latitude:0.3300; Longitude:32.5980).
In 2006, Opportunity Transformation Investments
and Opportunity International Australia, each purchased a 31.5% stake in FAULU Uganda Limited, giving Opportunity International a combined majority stake of 63% in the fourth largest microfinance institution in Uganda. In December 2009, Opportunity bought the remaining shares of FAULU Uganda, thereby taking outright ownership of the company. The financial institution was re-named Opportunity Uganda Limited. In November 2011, the institution rebranded to Opportunity Bank Uganda.
(MFI). It is not authorized to offer checking accounts or deal in foreign exchange. The company is authorized to take in customer deposits and to establish savings accounts. It is also authorized make collateralized and non-collateralized loans to savings and non savings customers. The company is a wholly owned subsidiary of Opportunity International
and is a member of their network. They specialize in lending to the poorest of the working poor. , the institution's total assets were in excess of US$13.8 million, with shareholder's equity of approximately US$4.6 million.
Banking in Uganda
-The early years:Prior to Uganda’s independence in 1962, Government-owned institutions dominated most banking in Uganda. In 1966 the Bank of Uganda, which controlled the issue of currency and managed foreign exchange reserves, became the Central Bank. Uganda Commercial Bank, which had fifty...
) in Uganda
Uganda
Uganda , officially the Republic of Uganda, is a landlocked country in East Africa. Uganda is also known as the "Pearl of Africa". It is bordered on the east by Kenya, on the north by South Sudan, on the west by the Democratic Republic of the Congo, on the southwest by Rwanda, and on the south by...
.
Location
The head offices of Opportunity Uganda Limited are located at 7 Babiiha Avenue, on Kololo HillKololo
-Location:Kololo is close to the centre of Kampala, bordered by Naguru to the east, Bukoto to the north, Mulago to the northwest, Makerere to the west, Nakasero to the southwest and Kibuli to the south.-Overview:...
, an upscale business and residential neighborhood, within the city of Kampala
Kampala
Kampala is the largest city and capital of Uganda. The city is divided into five boroughs that oversee local planning: Kampala Central Division, Kawempe Division, Makindye Division, Nakawa Division and Lubaga Division. The city is coterminous with Kampala District.-History: of Buganda, had chosen...
, Uganda's capital. The coordinates of the company headquarters are:00 19 48N, 32 35 13E (Latitude:0.3300; Longitude:32.5980).
History
This microfinance institution was licensed in 1995 and began operations in 1996 as FAULU Uganda, a programme of Food for the Hungry International, an NGO. In July 1999, Faulu Uganda incorporated as a limited liability company in Uganda, becoming FAULU Uganda Limited. Under that name, the company became part of the FAULU network in Uganda and Kenya.In 2006, Opportunity Transformation Investments
Opportunity International
Opportunity International is an organization that provides small business loans, savings, insurance and training to more than two million people working their way out of poverty in the developing world...
and Opportunity International Australia, each purchased a 31.5% stake in FAULU Uganda Limited, giving Opportunity International a combined majority stake of 63% in the fourth largest microfinance institution in Uganda. In December 2009, Opportunity bought the remaining shares of FAULU Uganda, thereby taking outright ownership of the company. The financial institution was re-named Opportunity Uganda Limited. In November 2011, the institution rebranded to Opportunity Bank Uganda.
Overview
Opportunity Uganda Limited is a Tier II Financial InstitutionBanking in Uganda
-The early years:Prior to Uganda’s independence in 1962, Government-owned institutions dominated most banking in Uganda. In 1966 the Bank of Uganda, which controlled the issue of currency and managed foreign exchange reserves, became the Central Bank. Uganda Commercial Bank, which had fifty...
(MFI). It is not authorized to offer checking accounts or deal in foreign exchange. The company is authorized to take in customer deposits and to establish savings accounts. It is also authorized make collateralized and non-collateralized loans to savings and non savings customers. The company is a wholly owned subsidiary of Opportunity International
Opportunity International
Opportunity International is an organization that provides small business loans, savings, insurance and training to more than two million people working their way out of poverty in the developing world...
and is a member of their network. They specialize in lending to the poorest of the working poor. , the institution's total assets were in excess of US$13.8 million, with shareholder's equity of approximately US$4.6 million.
Branch Network
The branch network of Opportunity Uganda Limited includes the following locations:- Main Branch - Babiiha Avenue, KololoKololo-Location:Kololo is close to the centre of Kampala, bordered by Naguru to the east, Bukoto to the north, Mulago to the northwest, Makerere to the west, Nakasero to the southwest and Kibuli to the south.-Overview:...
, KampalaKampalaKampala is the largest city and capital of Uganda. The city is divided into five boroughs that oversee local planning: Kampala Central Division, Kawempe Division, Makindye Division, Nakawa Division and Lubaga Division. The city is coterminous with Kampala District.-History: of Buganda, had chosen... - Kawempe Branch - KawempeKawempeKawempe is an area in the city of Kampala, Uganda's capital. It is also the location of the headquarters of Kawempe Division, one of the five administrative divisions of Kampala. The five divisions are:* Kampala Central Division* Lubaga Division...
, KampalaKampalaKampala is the largest city and capital of Uganda. The city is divided into five boroughs that oversee local planning: Kampala Central Division, Kawempe Division, Makindye Division, Nakawa Division and Lubaga Division. The city is coterminous with Kampala District.-History: of Buganda, had chosen... - Owino Market Branch - Nakivubo Road, KampalaKampalaKampala is the largest city and capital of Uganda. The city is divided into five boroughs that oversee local planning: Kampala Central Division, Kawempe Division, Makindye Division, Nakawa Division and Lubaga Division. The city is coterminous with Kampala District.-History: of Buganda, had chosen...
- Nateete Branch - NateeteNateeteNateete is a location in the city of Kampala, Uganda's capital. The correct spelling is with two "e"'s. Unfortunately the location is often misspelled with one "e".-Location:Nateete is located on the southwestern edge of the city of Kampala...
, KampalaKampalaKampala is the largest city and capital of Uganda. The city is divided into five boroughs that oversee local planning: Kampala Central Division, Kawempe Division, Makindye Division, Nakawa Division and Lubaga Division. The city is coterminous with Kampala District.-History: of Buganda, had chosen... - Kira Road Branch - Kira Road, Kamwokya, KampalaKampalaKampala is the largest city and capital of Uganda. The city is divided into five boroughs that oversee local planning: Kampala Central Division, Kawempe Division, Makindye Division, Nakawa Division and Lubaga Division. The city is coterminous with Kampala District.-History: of Buganda, had chosen...
- Jinja Branch - JinjaJinja, UgandaJinja is the largest town in Uganda, Africa. It is the second busiest commercial center in the country, after Kampala, Uganda's capital and only city. Jinja was established in 1907.-Location:...
- Iganga Branch - IgangaIganga.Iganga is a town in Eastern Uganda. It is the main municipal, administrative and commercial center of Iganga District and the district headquarters are located there. The district is named after the town.-Location:...
- Mbarara Branch - MbararaMbararaMbarara is a town in Western Uganda. It is the main municipal, administrative and commercial center of Mbarara District and the location of the district headquarters. It is also the largest urban centre in Western Uganda.-Location:...
- Masaka Branch - MasakaMasakaMasaka is a town in Central Uganda, lying west of Lake Victoria. It is the chief town of Masaka District. Besides being the headquarters of Masaka District, the town is the regional headquarters and largest metropolitan area in Lyantonde District, Sembabule District, Lwengo District, Bukomansimbi...
- Kalagi Branch - KalagiKalagi, Mukono, UgandaKalagi is a town in Mukono District, in central Uganda.-Location:The town is located approximately north of Mukono, the district headquarters, on an all weather tarmac road. In Kalagi, the road from Mukono forms a T-junction with the road from Kasangati to Kayunga...
, Mukono DistrictMukono DistrictMukono District is a district in Central Uganda. Like most other Ugandan districts, it is named after its 'chief town' - Mukono.-Location:Mukono District is bordered by Kayunga District to the north, Buikwe District to the east, the Republic of Tanzania to the south, Kalangala District to the... - Mubende Branch - Mubende
- Mayuge - Mayuge