UGAFODE
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Founded Date January 1, 1900
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Sectors Finance
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Posted Jobs 3
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Viewed 1
Company Description
UGAFODE Microfinance Limited is a prominent deposit-taking financial institution in Uganda licensed and regulated by the Bank of Uganda (BOU). Founded in 1994 as a non-governmental organization under the name “Uganda Agency for Development Limited,” its initial focus was delivering group credit and affordable financial assistance primarily to low-income women. Over the years, the entity underwent massive restructuring, incorporating as a limited company in 2010 before achieving a Tier III Microfinance Deposit-Taking Institution (MDI) license in 2011, making it the fourth registered MDI in the country’s history.
The financial institution operates an extensive domestic service network coordinating nationwide activities from its national head office located at Plot 62, Silva Arcade Building on Bombo Road in Kampala. To maximize reach among urban, peri-urban, and rural communities, UGAFODE Microfinance operates 28 service outlets, including 20 full-service branches and multiple specialized customer care hubs. These physical branches are strategically complemented by interlinked digital platforms, mobile money agent networks, and automated systems to make basic financial operations seamless and secure for remote populations.
The core business model of UGAFODE relies on providing a robust mix of accessible, tailored lending frameworks and competitive interest-earning deposit accounts. Its portfolio includes structured working capital loans, personal development micro-credit, flexible housing finance, and specialized agricultural lending options that feature custom repayment schedules matching seasonal harvest cycles. On the liability side, the MDI offers accessible savings facilities—allowing everyday savers to earn up to 3.5% interest per annum—alongside secure, multi-branch remittance and money transfer utilities.
UGAFODE heavily drives inclusive financial innovation and sustainable socio-economic impact across Uganda. Backed by historically robust shareholding partnerships, including early foundational input from prominent finance figures like former Finance Minister Dr. Ezra Suruma, the organization is structurally optimized to shield small-scale businesses from macroeconomic volatilities. By combining inclusive products with modern digital recovery systems and fair-practice client orientation, the MDI helps micro-entrepreneurs systematically accumulate wealth, build reliable credit profiles, and bridge the urban-rural financial gap.