LOLC Unguka Finance PLC, commonly known as Unguka Bank, is a microfinance institution in Rwanda. It is one of the MFI licensed by the National Bank of Rwanda, the country's banking regulator.[2]
| Company type | Private |
|---|---|
| Industry | Banking |
| Founded | 2005 |
| Headquarters | Kigali, Rwanda |
Key people | Justin Kagishiro chief executive officer |
| Products | Loans, Electronic productss, savings, investments, mortgages, Remittances |
| Revenue |  Aftertax: US$387,000+ (RWF:230 million) (2010)[1] |
Number of employees | 170 |
| Website | www |
Overview
editAs of June 2012[update], UBL was a small but growing financial service provider, whose total asset valuation and shareholders' equity were publicly unknown at this time. At that time, the bank had 556 shareholders and 14 branches.[3]
History
editThe institution was founded in 2005, as Unguka Microfinance Limited,[4] by 215 investors with total capital of about US$538,400 (RWF:321.1 million). In 2008, the bank's processes were automated.[5] In 2012, the institution transformed into a microfinance bank, following the issuance of a microfinance banking licence by the National Bank of Rwanda. The bank rebranded as Unguka Bank Limited.[6]
Ownership
editThe stock of Uguka Bank is privately owned by corporate and individual investors. At this time, the detailed shareholding in the bank is not publicly known. 35% shareholding is owned by Rural Impulse Fund II (RIF).[3]
See also
editReferences
edit- ^ "MICROCAPITAL BRIEF: Unguka Microfinance of Rwanda Reports 58% Profit Increase to $384k - MicroCapital". 24 March 2011.
- ^ "List of Licensed Commercial Banks In Rwanda". Archived from the original on 2012-05-12.
- ^ a b Rumanzi, Abraham (2012-06-20). "Rwanda: Unguka Licensed as a Bank, Plans Expansion". The Independent (Kampala). Retrieved 2017-08-30.
- ^ "UBL Founded In 2005". Archived from the original on 2016-10-30. Retrieved 2011-12-17.
- ^ "UNGUKA BANK THE TRANSITION STORY". Hope Magazine. Retrieved 2021-05-17.
- ^ "Rwanda: Unguka Bank Seeks Commercial Bank Status". Rwanda Express (Kigali). 2012-06-22. Retrieved 2017-08-30.