Uganda Women's Finance Trust (UWFT), a member of the WWB network, converted to a company limited by shares, Uganda Finance Trust Ltd (U-Trust) in 2004. U-Trust was incorporated on 24 March 2004. It applied for a license from Bank of Uganda to operate and be regulated as a Microfinance ...
Read moreUganda Women's Finance Trust (UWFT), a member of the WWB network, converted to a company limited by shares, Uganda Finance Trust Ltd (U-Trust) in 2004. U-Trust was incorporated on 24 March 2004. It applied for a license from Bank of Uganda to operate and be regulated as a Microfinance Deposit-taking Institution.
By transforming its operations into a regulated micro finance deposit-taking institution (MDI), U-TRUST, seeks to meet the following key objectives:
1. To provide a variety of financial services, including savings, credit, money transmission, to low income people
2. To enhance access to more commercial funding including savings, debt and equity capital
3. To portray credibility in the eyes of potential customers and the public
4. To promote professionalism and best practice in service delivery
5. To increase efficiency, sound financial management, profitability and institutional sustainability
Challenges include inadequate funds to support the MDI transformation process.
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MFI Report
