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2013 Annual Conference and General Assembly
from 16/10/2013 to 19/10/2013
Addis Ababa, Ethiopia
The Africa Microfinance Network (AFMIN) and The Association of Ethiopian MicroFinance Institution (AEMFI) will organize the 12th Annual Conference and General...
2014 SPTF ANNUAL MEETING
KING FAHD PALACE, June 2-6, 2014 DAKAR, SENEGAL
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AMFIU-Uganda
NETWORK DETAILS :
Location : Uganda
Adress : P.O Box 26056
Email : amfiu@amfiu.org.ug
Tel/Fax : (256-41)259176 / (256-41)254420
Executive Director : Mr David Baguma
Website : http://www.amfiu.org.ug
Headquarters : Plot 679, Wamala Rd AMFIU House, Najjanankumbi
Capital : Kampala
Year of inception : 1996
DESCRIPTION :
The Association of Micro Finance Institutions of Uganda (AMFIU) is an umbrella organization of microfinance institutions (MFIs) throughout Uganda. It was founded in 1996 and officially registered in 1999 under the NGO Act and as a company limited by guarantee.
VISION AND MISSION :
Vision
The vision of AMFIU is to be a strong and sustainable national network of all Micro Finance Institutions in Uganda.
Mission
The mission of AMFIU is to enhance the sustainable delivery of financial services by all microfinance institutions in Uganda.
NUMBER OF MFIs : 102
BOARD OF DIRECTORS :
· Mr. Fabian Kasi (FINCA MDI Ltd.) -National President
· Ms. Lucy Businge Kugonza (MSC) -National Vice President
· Mr. Billy Butamanya (UCA)- National Secretary
· Ms. Olivia Kayongo (MCDT) -Treasurer
· Mr. Mathias Katamba -Member
· Mr. Moses Opio Ogal (Agaru SACCO) -Member
· Ms. Jennifer Mugalu (HOFOKAM) -Member
Network services :
- Research and Advocacy
- Capacity building for members
- Consumer education and transparency
- Information collection and dissemination
- Microfinance and disability
- Performance and monitoring
Active Borrowers :
350,000
Outstanding portfolio :
USD 180,000,000
Savers :
900,000
Previous or current donors :
DFID, European Union, HIVOS
OVERVIEW OF INDUSTRY :The Financial Sector of Uganda
The financial sector of Uganda is diverse. It is composed of;
Bank of Uganda (The Central Bank) 15 commercial banks 6 credit institutions 1 Post Bank 2 development banks 4 MDIs 1 National Social Security Fund Uganda Securities Exchange More than 1000 MFIs and SACCOS 3 National umbrella institutions: AMFIU as apex for all MFIs and stakeholders, and 2 apexes for co-operatives which are Uganda Credit and Saving cooperative Unions (UCSCU) and Uganda Cooperative Alliance (UCA) Apart from the formal and semi-formal financial sector as represented by the tiered regulation structure, a huge informal financial sector is found throughout Uganda. Table 1 shows the structure of the financial sector in Uganda.
The Ugandan Financial Sector Structure
Tier Institutions Number Applicable Act/Law Formaland Semi-Formal Institutions 1 Commercial Banks 15 Financial Institutions Act 2004 2 Credit Institutions 7 Financial Institutions Act 2004 3 Microfinance Deposit-Taking Institutions 4 MDI Act 2003 4 MFIs registered as NGOs, SACCOs, Companies > 1,000 Not under the purview of the central bank Informal Institutions / ROSCAs, ASCAs etc. Several thousands No legal status Source: Baguma (2006).
