Kiva conducts regular, ongoing monitoring of all Lending Partners, but only posts status updates here in response to relevant, major changes at the partner.

Partner description:

FINCA Uganda Limited (MDI) was incorporated in Uganda in 1992 under the Uganda Companies Act 2012. In 2004, the company was licensed as a Microfinance Deposit-taking Institution by The Bank of Uganda under the Micro Finance Deposit-taking Institutions Act, 2003. The company is majority-owned by the FINCA Microfinance Coöperatief U A, which also has other subsidiaries in different parts of the world. FINCA Uganda’s mission is to alleviate poverty through lasting solutions that help people build assets, create jobs, and raise their living standards.

A unique lending approach:

Kiva is working with FINCA Uganda specifically to finance their program to lend to refugees. FINCA Uganda's exposure to refugee lending began as they were part of the RISE Project. The RISE( “Refugees: Innovation, Self-reliance and Empowerment”) project is an Opportunity International UK seed-funded initiative, implemented through FINCA Uganda Limited (FUL) and Opportunity Bank Uganda Limited (OBUL) as local partners. Under this project, FINCA Uganda intends to introduce a Refugee Individual Loan product that will deliver financial services to any legally registered Refugee who wishes to borrow. This aligns with FINCA Uganda's overall strategy of financial inclusion. To make this loan product accessible to the target market, minimal collateral will be required from Refugees as a form of commitment to their loan obligations. The bank plans to start working with Refugees from the Kiryandongo settlement with the end goal to generate jobs and business opportunities for the refugees. 

Repayment Performance on Kiva

    This Lending Partner All Kiva Partners
  Start Date On Kiva Jan 3, 2022 Oct 12, 2005
Total Loans $107,675 $1,960,970,195
Amount of raised Inactive loans $400 $385,125
Number of raised Inactive loans 1 245
Amount of Paying Back Loans $66,550 $155,006,285
Number of Paying Back Loans 93 179,895
Amount of Ended Loans $40,725 $1,775,538,270
Number of Ended Loans 87 2,382,292
Delinquency Rate 0.00% 11.53%
Amount in Arrears $0 $10,730,796
Outstanding Portfolio $26,853 $93,051,115
Number of Loans Delinquent 0 45,519
Default Rate 0.00% 1.82%
Amount of Ended Loans Defaulted $0 $32,353,228
Number of Ended Loans Defaulted 0 84,927
Currency Exchange Loss Rate 0.58% 0.49%
Amount of Currency Exchange Loss $772 $12,023,738
Refund Rate 0.00% 0.54%
Amount of Refunded Loans $0 $10,526,300
Number of Refunded Loans 0 9,596

Loan Characteristics On Kiva

    This Lending Partner All Kiva Partners
  Loans to Women Borrowers 55.85% 78.24%
Average Loan Size $595 $392
Average Individual Loan Size $595 $589
Average Group Loan Size $0 $1,892
Average number of borrowers per group 0 8.3
Average GDP per capita (PPP) in local country $1,800 $5,599
Average Loan Size / GDP per capita (PPP) 33.05% 7.00%
Average Time to Fund a Loan 5.39 days 8.93 days
Average Dollars Raised Per Day Per Loan $110.38 $43.86
  Average Loan Term 9.29 months 11.47 months

Journaling Performance on Kiva

    This Lending Partner All Kiva Partners
  Total Journals 0 1,181,539
  Journaling Rate 0.00% 42.25%
  Average Number of Comments Per Journal 0.00 0.02
  Average Number of Recommendations Per Journal 0.00 0.57

Borrowing Cost Comparison (based on 2009 data)

    This Lending Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower N/A 57.00% PY 27.02% PY
  Profitability (return on assets) 1.6% 4.5% -3.10%
  Average Loan Size (% of per capita income) N/A 61.00% 0.00%

Country Fast Facts

Lending Partner Staff

Abraham Arimo
Esther Ayanga
Rita Bagya
Nicholas Kasule
Margaret Kobusinge
Peter Wasswa