FINCA Uganda

Gross Loan Portfolio USD, 2010: 12.6 million

Number of active borrowers 2010: 42,347

Average loan balance per borrower USD, 2010: 296.7

Deposits USD, 2010: 6.5 million

Assets USD, 2010: 17.0 million

Number of depositors 2010: —

Mission:

To provide financial services to Uganda's lowest-income entrepreneurs so that they can create jobs, build assets and improve their standard of living.

Background and Main Challenges:

Since its creation in 1992, Finca Uganda has established strong brand recognition and superior financial performance. It has achieved both operating and financial sustainability. The challenge now is to provide a demostratable operational excellence and leadership as the very first MDI in Uganda.

Address:

Plot 22 Ben Kiwanuka PO Box 24450

Kampala

Uganda

Phone:

256 414 231134

Fax:

256 414 340 078

Email:

finca [at] finca [dot] or [dot] ug

Website:

www.FINCA.org

Main Funding Sources:

Grants

Loans

Savings

Products and Services:

Loans

Voluntary Savings

Insurance

Leasing

Products:

Group Loans, Individual loans, payroll loans,Volunatry and Compulsory Savings, Village phone loans, Credit life Insurance and health Insurance.

Services Provided:

Full-scale Financial Services

Looking for (Investment Types):

Loans in Local Currency

Donations

Guarantees

Capacity Building Grants

Equity investments

Loans in US$

% Operations Comprised by MF:

91 - 100

Date established:

Jan 1 1992

FYE:

31-Dec

Current Legal Status:

NBFI

Regulated:

yes

Social Performance Profile


+ Mission specifics
+ Target markets (ranked by importance)
+ Development goals (ranked by importance)
+ Poverty targets
Poor clients
Low income clients
+ Governance
Has trained members of its board on social performance management
+ Range of products and services
+ Financial products and services offered
+ Credit products offered
Microcredit loans for microenterprises
Loans for agriculture
Loans for education
+ Savings products offered
Voluntary savings accounts
Fixed term deposits
Special purpose savings accounts
+ Compulsory insurance products required
+ Voluntary insurance products offered
+ Other financial products and services offered
Savings facilitation services
Remittances services
+ Non-financial services offered
+ Enterprise services offered
+ Education services offered
+ Health services offered
+ Women's empowerment services offered
+ Products and services targeting the poor
Products and services specifically designed to target the poor:
+ Social responsibility to clients
+ Client protection principles in use
The loan approval process requires evaluation of borrower repayment capacity and loan affordability. Loan approval does not rely solely on guarantees (whether peer guarantees, co-signers or collateral) as a substitute for good capacity analysis.
Internal audits check household debt exposure, lending practices that violate procedures including unauthorized re-financing, multiple borrowers or co-signers per household, and other practices that could increase indebtedness.
Productivity targets and incentive systems value portfolio quality at least as highly as other factors, such as disbursement or customer growth. Growth is rewarded only if portfolio quality is high.
Prices, terms and conditions of all financial products are fully disclosed to the customer prior to sale, including interest charges, insurance premiums, minimum balances, all fees, penalties, linked products, third party fees, and whether these can change over time.
Staff is trained to communicate effectively with all customers, ensuring that they understand the product, the terms of the contract, their rights and obligations. Communications techniques address literacy limitations (e.g. reading contracts out loud, materials in local languages).
Acceptable and unacceptable debt collection practices are clearly spelled out in a code of ethics, book of staff rules or debt collection manual.
The organization's corporate culture values and rewards high standards of ethical behavior and customer service.
A mechanism to handle customer complaints is in place, has dedicated staff resources, and is actively used. (Suggestion boxes alone are generally not considered adequate.)
Customers know how their information will be used. Staff explains how data will be used and seeks permission for use.
+ Cost of services to clients
+ Social responsibility to staff
+ Human resources
Protection at work (safety, anti-harassment)
Equality (anti-discrimination, equal pay for men and women with equivalent skill levels)
HIV/AIDS policy
+ Basis of staff incentives related to social performance
Ability to attract new clients from target market
Quality of social data collected
Client retention/drop-out rate
Portfolio quality
+ Social responsibility to the environment
+ Poverty measurement tools in use
Per capita household expenditure
Housing index
Food security index
Own proxy poverty index
Multiple standard of living measures

Partnerships

Current
Name	Relationship
AMFIU	Network Affiliation
FINCA International	Network Affiliation
Hivos-Triodos Fund	Funding
MicroRate	Rating
The Rating Fund	Partner

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