Tag Archives: borrowers

Kampala, Uganda | THE INDEPENDENT | The financial sector forecast is that the full effect of the Covid-19 pandemic will be realized in the next two years when investments and projects that were started earlier were supposed to have started yielding returns. The real bad effect of the pandemic has not …

Kampala, Uganda | THE INDEPENDENT | Parliament has tasked the Finance Ministry to investigate Platinum Credit Limited and Bayport for alleged exploitation of borrowers. Platinum Credit Limited is a micro finance company that offers emergency loans to borrowers among others. Bayport on the hand offers short term loans, medium-term loans, …

Kampala, Uganda | THE INDEPENDENT | The amount of money where borrowers have not made any payments for at least three months grew by 15 percent to 783 billion Shillings between January and March 2020, the Bank of Uganda has said. This is a growth from 666.3 billion Shillings of …

Kampala, Uganda | THE INDEPENDENT  | Commercial Banks expect more borrowers not to meet their loan obligations in the three months to the end of December, according to a survey by Bank of Uganda. BoU says banks had “noticed unfavourable economic conditions experienced during the last couple of months, which were …

Kampala, Uganda | THE INDEPENDENT | Members of Parliament have adopted a report by the Legal and Parliamentary Affairs Committee endorsing a bill to facilitate credit for small borrowers and manage the risk of borrowing by the financial sector. The bill is envisaged to make credit affordable for Ugandans. According to …

Centenary becomes third bank to unveil micro-loans to customers via mobile phones Kampala, Uganda | ISAAC KHISA | Despite talk that micro-loans may not create a big impact on the economy, the scramble for a share of the small loans business by Uganda’s banking industry continues to gain momentum. Centenary Bank …