Uganda Finance Trust Limited
Encyclopedia
Uganda Finance Trust Limited (UFTL), commonly called Finance Trust, is a Microfinance Deposit-taking Institution (MDI) in Uganda
.
, in Central Kampala
, Uganda's capital city. The coordinates of the institutions headquarters are: Latitude:0.3020; Longitude:32.5765.
, Uganda's Central Bank
, as a Tier III Financial Institution
. It is recognised as a Microfinance Deposit-taking Institution (MDI). , the institution services nearly 160,000 deposit accounts, through a network of twenty-eight (28) interconnected branches, located in all regions of the country. The average savings account is valued at US$62 and the total amount of deposits is just under US$9.65 million. UFTL maintains nearly 22,900 loan accounts with an average loan size of US$650 and a total loan portifolio of US$14.7 million. Total Assets at the end of 2010 were valued at US$21.4 million.
{| style="font-size:100%;"
|-
| width="100%" align="center" | Uganda Finance Trust Limited Stock Ownership
|- valign="top"
|
{| class="wikitable sortable" style="margin-left:auto;margin-right:auto"
! style="width:2em;" |Rank !!Name of Owner!!Percentage Ownership
|-
|1||Oikocredit
(Netherlands
)||24.1
|-
|2|| Investment & Partner (I&P) (France
)||20.5
|-
|3||Uganda Women's Finance Trust (UWFT) (Uganda
)||29.8
|-
|4||Ugandan Women Entrepreneurs (UFTL Founders) (Uganda
)||13.5
|-
|5||Sun Mutual Cooperative Society (Uganda
)||12.1
|-
| ||Total||100.0
|-
|}
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 headquarters of UFTL are located on Plot 121 & 115, Block 6, Finance Trust Building, KatweKatwe
-Location:Katwe, located in Makindye Division, is bordered by Nakasero to the north, Nsambya to the east, Kibuye and Makindye to the southeast, Ndeeba to the south and Mengo to the west. The road distance between Kampala's central business district and Katwe is approximately...
, in Central 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 city. The coordinates of the institutions headquarters are: Latitude:0.3020; Longitude:32.5765.
History
UFTL was founded in 1984 to provide financial services to low income people in Uganda, especially women. It is one of the oldest microfinance companies in the county.Overview
Uganda Finance Trust Limited, is licensed and supervised by the Bank of UgandaBank of Uganda
The Bank of Uganda is the Central Bank of the Republic of Uganda. Established in 1966, by Act of Parliament, BOU is 100% owned by the Government of Uganda, but is not a government department.-Organization and Governance:...
, Uganda's Central Bank
Central bank
A central bank, reserve bank, or monetary authority is a public institution that usually issues the currency, regulates the money supply, and controls the interest rates in a country. Central banks often also oversee the commercial banking system of their respective countries...
, as a Tier III Financial Institution
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...
. It is recognised as a Microfinance Deposit-taking Institution (MDI). , the institution services nearly 160,000 deposit accounts, through a network of twenty-eight (28) interconnected branches, located in all regions of the country. The average savings account is valued at US$62 and the total amount of deposits is just under US$9.65 million. UFTL maintains nearly 22,900 loan accounts with an average loan size of US$650 and a total loan portifolio of US$14.7 million. Total Assets at the end of 2010 were valued at US$21.4 million.
Services
The products offered by UFTL include:- Savings Accounts
- Fixed Deposit Accounts
- Business Loans
- Salary Loans
- School Fees Loans
- Money Transfer Services - Offered through MoneyGram International Inc.MoneyGramMoneyGram International, Inc. is a US-based, Global Money transfer company, headquartered in Dallas, Texas. It has Global Operations Centers in Saint Louis Park, Minnesota and Brooklyn Center, Minnesota, Global Call Center Operations in Denver, Colorado and regional and local offices around the...
.
Ownership
The stock ownership of the institution is summarized in the table below:{| style="font-size:100%;"
|-
| width="100%" align="center" | Uganda Finance Trust Limited Stock Ownership
|- valign="top"
|
{| class="wikitable sortable" style="margin-left:auto;margin-right:auto"
! style="width:2em;" |Rank !!Name of Owner!!Percentage Ownership
|-
|1||Oikocredit
Oikocredit
Oikocredit is a cooperative society that offers loans or investment capital for microfinance institutions, cooperatives and small and medium-sized enterprises in developing countries. It is one of the world's largest private financiers of the microfinance sector...
(Netherlands
Netherlands
The Netherlands is a constituent country of the Kingdom of the Netherlands, located mainly in North-West Europe and with several islands in the Caribbean. Mainland Netherlands borders the North Sea to the north and west, Belgium to the south, and Germany to the east, and shares maritime borders...
)||24.1
|-
|2|| Investment & Partner (I&P) (France
France
The French Republic , The French Republic , The French Republic , (commonly known as France , is a unitary semi-presidential republic in Western Europe with several overseas territories and islands located on other continents and in the Indian, Pacific, and Atlantic oceans. Metropolitan France...
)||20.5
|-
|3||Uganda Women's Finance Trust (UWFT) (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...
)||29.8
|-
|4||Ugandan Women Entrepreneurs (UFTL Founders) (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...
)||13.5
|-
|5||Sun Mutual Cooperative Society (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...
)||12.1
|-
| ||Total||100.0
|-
|}
Branch Network
, the institution maintains a network of thirty (30) interconnected branches at the following locations:- Main Branch - Katwe Road, KatweKatwe-Location:Katwe, located in Makindye Division, is bordered by Nakasero to the north, Nsambya to the east, Kibuye and Makindye to the southeast, Ndeeba to the south and Mengo to the west. The road distance between Kampala's central business district and Katwe is approximately...
, 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... - Arua Branch - AruaAruaArua is a town in Arua District, Northern Uganda. An important local commercial centre, it is a base for a large refugee population from Southern Sudan and the Democratic Republic of the Congo and is an aid distribution centre for those nations.-Location:...
- Bombo Road Branch - Bombo 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...
- Entebbe Branch - Kampala Road, EntebbeEntebbeEntebbe is a major town in Central Uganda. Located on a Lake Victoria peninsula, the town was at one time, the seat of government for the Protectorate of Uganda, prior to Independence in 1962...
- Mukono Branch - Kampala-Jinja HighwayKampala-Jinja HighwayKampala-Jinja Highway is a road in Uganda, connecting the cities of Kampala and Jinja. Sometimes referred to as Kampala-Jinja Road, it is a busy road, with several towns, trading centers and other landmarks along the way.-Location:...
, Mukono - Lugazi Branch - Kampala-Jinja HighwayKampala-Jinja HighwayKampala-Jinja Highway is a road in Uganda, connecting the cities of Kampala and Jinja. Sometimes referred to as Kampala-Jinja Road, it is a busy road, with several towns, trading centers and other landmarks along the way.-Location:...
, LugaziLugaziLugazi is a town in Buikwe District, in Central Uganda. The town is also called Kawolo, and the two names are interchangeably used by the local inhabitants.-Location:... - Busia Branch - Custom Road, BusiaBusia, UgandaBusia is a town in Eastern Uganda. It is the main municipal, administrative and commercial center of Busia District and the district headquarters are located there. The district is named after the town.-Location:...
- Kayunga Branch - Main Street, KayungaKayungaKayunga is a town in Central Uganda. It is the main municipal, administrative and commercial center of Kayunga District. The district is named after the town.-Location:...
- Jinja Branch - Iganga Road, 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:...
- Kamuli Branch - Kitimbo Road, KamuliKamuliKamuli is a town in Eastern Uganda. It is the main municipal, administrative and commercial center of Kamuli District, and the district headquarters are located there. The district is named after the town.-Location:...
- Iganga Branch - Main Street, 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:...
- Bugiri Branch - Grant Street, BugiriBugiriBugiri is a town in Eastern Uganda. It is the 'chief town' of Bugiri District and the district headquarters are located there. The district is named after the town.-Location:...
- Masaka Branch - Edward Avenue, 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...
- Mbarara Branch - High Street, 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:...
- Ishaka Branch - Rukungiri Road, IshakaIshakaIshaka is a town in south-western Uganda. It is one of the municipalities in Bushenyi District.-Location:Ishaka is located in Igara County, Bushenyi District, in Western Uganda. It is located approximately , by road, west of Mbarara, the largest city in the sub-region...
- Ntungamo Branch - Old Kabale Road, NtungamoNtungamoNtungamo is a town in Western Uganda. It is the largest town in Ntungamo District and the district headquarters are located there. The district is named after the town.-Location:...
- Mbale Branch - Republic Street, MbaleMbaleMbale is a city in Eastern Uganda. It is the main municiplal, administrative and commercial center of Mbale District and the surrounding sub-region. The district is named after the town.-Location:...
- Tororo Branch - Bazaar Street, TororoTororoTororo is a town in Eastern Uganda. It is the main municipal, administrative and commercial center of Tororo District. The district was named after the town.-Location:...
- Pallisa Branch - Kasodo Road, PallisaPallisaPallisa is a town in Eastern Uganda. It is the 'chief town' of Pallisa District. The district is named after the town.-Location:Pallisa is located approximately , by road, west of Mbale, the largest city in the sub-region...
- Soroti Branch - Solot Avenue, SorotiSorotiSoroti is the main municipal, commercial and administrative centre of Soroti District in Eastern Uganda, lying near Lake Kyoga. It is known for the rock formation near the town as well as a variety of Muslim mosques, Hindu temples, Sikh gurdwaras as well as several churches that meet in various...
- Kumi Branch - Ngora Road, Kumi
- Kamwenge Branch - Station, KamwengeKamwengeKamwenge is a town in Western Uganda. It is the 'chief town' of Kamwenge District and the district headquarters are located there. The district is named after the town.-Location:...
- Fort Portal Branch - Rukidi III Street, Fort PortalFort PortalFort Portal is a town in Western Uganda. It is the seat of both Kabarole District and Toro Kingdom.-Location:Fort Portal is located approximately by road, west of Kampala, Uganda's capital and largest city, on an all-tarmac two-lane highway...
- Katwe Branch - Katwe Road, KatweKatwe-Location:Katwe, located in Makindye Division, is bordered by Nakasero to the north, Nsambya to the east, Kibuye and Makindye to the southeast, Ndeeba to the south and Mengo to the west. The road distance between Kampala's central business district and Katwe is approximately...
- Nakivubo Branch - New Taxi Park, 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...
- Kalerwe Branch - BwaiseBwaise-Location:Bwaise is bordered by Kawempe to the north, Kyebando to the east, Mulago to the southeast, Makerere to the south and Kasubi to the southwest. This location is approximately , by road, north of Kampala's central business district...
, 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... - Kampala Road Branch - Kampala 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...
- Owino Branch - Kafumbe Mukasa 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...
- Kitintale Branch - Kitintale - 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...
- Kalangala Branch - KalangalaKalangalaKalangala is the 'chief town' of Kalangala District in Central Uganda. It is the location of the headquarters of Kalangala District. The district is named after the town.-Location:...
See also
- Banking in UgandaBanking 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...
- List of banks in Africa
- List of banks in Uganda
- Pride Microfinance LimitedPride Microfinance LimitedPride Microfinance Limited , is a Microfinance Deposit-taking Institution in Uganda.-Location:The headquarters of PML are located in Metropole House, on Entebbe Road, in the central business district of Kampala, Uganda's capital and largest city...
- FINCA Uganda LimitedFINCA Uganda LimitedFINCA Uganda Limited, also known as FINCA Uganda, is a Microfinance Deposit-taking Institution in Uganda. It is a subsidiary and member organization of FINCA International, headquartered in the United States of America.-Location:...