Pride Microfinance Limited
Company type | Private |
---|---|
Industry | Financial services |
Founded | 1995 (1995) |
Headquarters | Victoria Office Park , 6-9 Ben Kiwanuka Okot Close Bukoto, Kampala Uganda |
Key people | Charles Oleny Ojok chairman Veronicah Namagembe managing director |
Products | Loans, savings |
Revenue | Aftertax:$4.5 million (UGX:11.7 billion) (2013) |
Total assets | US$56.84 million (UGX:147.4 billion) (2013) |
Number of employees | 1585+ (2013) |
Website | www |
Pride Microfinance Limited (PMFL), is a microfinance deposit-taking institution (MDI) in Uganda. It is licensed by the Bank of Uganda, the central bank and national banking regulator.[1]
PMFL provides financial services to that segment of the Ugandan population who are not served or are unable to access financial services through Ugandan commercial banks. PMFL's focus are the micro, small, and medium size entrepreneurs. As an MDI, PMFL is a Tier III Financial Institution. It is therefore prohibited from dealing in foreign exchange and cannot issue checking accounts.
As of December 2013[update], the institution's total assets were valued at approximately US$56.84 million (UGX:147.4 billion), with shareholders' equity of approximately US$18.1 million (UGX:46.97 billion). As of December 2013, Pride Microfinance employed 585 people and served 373,667 customers.[2]
History
PMFL was founded in 1995 as a non-governmental organization with the support of the Norwegian Agency for Development Cooperation. Its major objective was to offer credit to the poor, targeting those in the agricultural sector.
In 1999, it was incorporated as a limited company and changed its name to Pride Africa Uganda Limited.
In 2003, the Uganda government acquired 100 percent shareholding in the enterprise, changing the name to Pride Microfinance Limited Uganda.[3]
In 2005, it attained the status of an MDI according to the Banking Act of 2003.
It is a member of the Association of Microfinance Institutions In Uganda.[4]
In February 2016, Ugandan media reported that the government was planning to merge PMFL with PostBank Uganda, to form an agricultural bank.[5]
Products
As of June 2014, the products offered included:
Deposit products
- Pride Smart Savings Account[6]
- Pride Akiba Savings Account
- Fixed Deposit Account
- Minor’s Savings Account
- Group Savings Account
- Loan Insurance Fund
- Save As You Earn (SAYE) Account
Loan products
- Group Guaranteed Loans
- Individual Loans
- Salary Loans
- Mortgage and Asset Financing Loan
- Agricultural Loan Scheme
- School Fees Loan
Other services
- Money Transfer Services - Through Western Union and MoneyGram
- Death, disability, and catastrophe insurance products to loan clients - Offered through AIG Insurance.
Branch network
The entire branch network of the company included the following locations, as of June 2014:[7]
- Arua Branch - Avenue Road, Arua
- Bugiri Branch - Mivule Road, Bugiri
- Bukoto Branch - Victoria Office Park, 6-9 Ben Kiwanuka Okot Close, Bukoto, Kampala Main Branch
- Bushenyi Branch - High Street, Bushenyi
- Buwenge Branch - Kamuli Road, Buwenge
- Kampala City Branch - Mukwano Arcade, Kampala
- Fort Portal Branch - Rukidi Road, Fort Portal
- Gulu Branch - Cemetery Road, Gulu
- Entebbe Road Branch - Metropole House, Entebbe Road, Kampala
- Hoima Branch - Old Tororo Road, Hoima
- Ibanda Branch - High Street, Ibanda
- Iganga Branch - Main Street, Iganga
- Ishaka Branch - Rukungiri Road, Ishaka
- Jinja Branch - Main Street, Jinja
- Kabalagala Branch - Muyenga Road, Kabalagala
- Kabale Branch - Kabale Road, Kabale
- Kabingo Branch - Kabingo Trading Center, Isingiro District
- Kabwohe Branch - Mbarara Road, Kabwohe
- Kagadi Branch - High Street, Kagadi
- Kasese Branch - Saad Building, Kasese
- Katwe Branch - Katwe Road, Katwe
- Kawempe Branch - Bombo Road, Kawempe
- Lira Branch - Oboe Avenue, Lira
- Lugazi Branch - Ntenga Road, Lugazi
- Masaka Branch - Kampala Road, Masaka
- Mbale Branch - Republic Street, Mbale
- Mbarara Branch - High Street, Mbarara
- Mukono Branch - Kampala-Jinja Highway, Mukono
- Nakawa Branch - UMA Show Ground, Nakawa
- Naakulabye Branch - Hoima Road, Basiriak Building, Naakulabye
- Nateete Branch - Masaka Road, Nateete
- Pader Branch - Main Street, Pader
- Rukungiri Branch - Rukungiri Road, Rukungiri
- Soroti Branch - Solot Avenue, Soroti
- Wandegeya Branch - Bombo-Gayaza Roundabout, Wandegeya
See also
References
- ^ BOU (March 2014). "List of Licensed Microfinance Deposit-Taking Institutions In Uganda". Bank of Uganda (BOU). Retrieved 30 June 2014.[permanent dead link]
- ^ PMFL (2014). "Audited December 2013 Annual Report". Pride Microfinance Limited (PMFL). Retrieved 30 June 2014.
- ^ Mbanga, Jeff (22 May 2008). "Pride Microfinance Limited Is On Sale". The Observer (Uganda). Retrieved 30 June 2014.
- ^ MixMarket. "AMFIU Networks: Membership Affiliations". MixMarket.org. Retrieved 30 June 2014.
- ^ NZU (27 February 2016). "Government to merge Post Bank and Pride Microfinance to form an agricultural Bank". Kampala: Newz.ug (NZU). Archived from the original on 3 April 2016. Retrieved 3 April 2016.
- ^ "Over 10, 000 Pride Microfinance customers to lose their money". Sunday Vision. June 26, 2013.
- ^ PMFL. "The Branch Network of Pride Microfinance Limited". Pride Microfinance Limited (PMFL). Archived from the original on 24 March 2014. Retrieved 30 June 2014.
External links
- History of Pride Microfinance
- v
- t
- e
- Banda
- Bugoloobi
- Bukoto
- Busega
- Butabika
- Bwaise
- Ggaba
- Kabalagala
- Kamwookya
- Kansanga
- Kaleerwe
- Kanyanya
- Kasubi
- Katwe
- Kawaala
- Kawempe
- Kibuli
- Kibuye
- Kigoowa
- Kikaaya
- Kisaasi
- Kiwaatule
- Kulambiro
- Kololo
- Kyambogo
- Kyebando
- Lubaga
- Lungujja
- Luzira
- Makerere
- Makindye
- Mbuya
- Mengo
- Mpererwe
- Mulago
- Munyonyo
- Muyenga
- Naakulabye
- Naguru
- Najjanankumbi
- Nakasero
- Nakawa
- Nakawa–Naguru Estates
- Namirembe
- Namungoona
- Namuwongo
- Nateete
- Ndeeba
- Nsambya
- Ntinda
- Old Kampala
- Port Bell
- Wandegeya
- Daily Monitor
- New Vision
- New Vision Group
- The Independent (Uganda)
- The Observer (Uganda)
- Dott Services
- National Housing and Construction Company
- Tirupati Development Uganda Limited
- Insurance Regulatory Authority of Uganda
- National Food and Drug Authority
- National Planning Authority
- National Identification and Registration Authority
- National Social Security Fund
- National Water and Sewerage Corporation
- Uganda Securities Exchange
- Uganda Investment Authority
- Ruparelia Group
- Kyagalanyi Coffee Limited
- Brookside Dairy Limited
- Jesa Farm Dairy Limited
- Uganda Retirement Benefits Regulatory Authority
- Uganda Land Commission
- Capital Markets Authority of Uganda
- Uganda Coffee Development Authority
- ROKO Construction Company
- Uganda Business Facilitation Centre
- Uganda Air Cargo
- Uganda Airlines
- Kampala Airport
- Uganda National Roads Authority
- Entebbe–Kampala Expressway
- Kampala–Jinja Expressway
- Kampala–Jinja Highway
- Kampala–Entebbe Road
- Kampala–Gayaza Road
- Kampala–Bombo Expressway
- Kampala–Busunju Expressway
- Kampala–Mpigi Expressway
- Kampala–Masaka Road
- Kampala–Mityana Road
- Kampala–Hoima Road
- Kampala Northern Bypass Highway
- Kampala Southern Bypass Highway
- Kampala Outer Beltway
- Tondeka Metro Bus Service
landmarks
- Afrexim Bank House, Kampala
- Bulange
- Christ the King Catholic Church
- Uganda Parliament Buildings
- Kampala Capital City Authority Complex
- DFCU House
- Kampala Protea Hotel
- Kampala Hilton Garden Inn
- Kampala Hilton Hotel
- Kampala Serena Hotel
- Kampala Sheraton Hotel
- Imperial Hotels Group
- Imperial Royale Hotel
- Grand Imperial Hotel
- Janani Luwum Church House
- Kampala Kingdom Hotel
- Kampala Speke Hotel
- Mapeera House
- Movement House
- Munyonyo Commonwealth Resort
- Thobani Centre
- Speke Resort and Conference Center
- East African Development Bank Building
- Bank of Uganda Building Complex
- Mengo Palace
- Kabaka's Place Banda
- Namirembe Cathedral
- Rubaga Cathedral
- Makerere University Main Campus
- National Water and Sewerage Corporation Headquarters Building
- Kampala Tower
- Hotel Africana
- Kibuli Mosque
- Old Kampala Mosque
- Uganda Inspectorate of Government Towers
- Uganda Ministry of Education Complex
- Uganda Museum
- Uganda National Cultural Centre
- Uganda National Records Centre and Archives
- Kasubi Tombs
- DFCU House
- Pension Towers
- JLOS House Project
- Roman Catholic Archdiocese of Kampala
- Aga Khan University, Kampala
- Cavendish University Uganda
- Clarke International University
- Habib Medical School
- Institute of Petroleum Studies Kampala
- International Health Sciences University
- International University of East Africa
- ISBAT University
- Kampala International School
- Kampala University
- Kibuli Secondary School
- Kitante Hill Secondary School
- Kololo Senior Secondary School
- Kyambogo University
- Law Development Centre
- Makerere College School
- Makerere University
- Makerere University Business School
- Mengo Senior School
- Nabisunsa Girls' Secondary School
- Nakawa Vocational Training Institute
- Nexus International University
- Rubaga Community School
- Stafford University Uganda
- St. Augustine International University
- St. Lawrence University
- Uganda Christian University School of Medicine
- Team University
- Uganda Industrial Research Institute
- Uganda Management Institute
- Uganda Martyrs University School of Medicine
- Uganda National Entrepreneurship Development Institute
- Uganda Technology and Management University
- Victoria University Uganda
- Uganda National Council for Higher Education
- Aga Khan University Hospital, Kampala
- Butabika Hospital
- Case Medical Centre
- International Hospital Kampala
- Kadic Hospital
- Kampala Hospital
- Kampala Medical Chambers Hospital
- Kawempe General Hospital
- Kibuli Hospital
- Kiruddu General Hospital
- Lubaga Hospital
- Makerere University Hospital
- Mbuya Military Hospital
- Mengo Hospital
- Mulago Hospital
- Mulago Women's Referral Hospital
- Murchison Bay Hospital
- Upper Mulago Regional Referral Hospital
- Nakasero Hospital
- Naguru General Hospital
- Nsambya Hospital
- Paragon Hospital
- Uganda Cancer Institute
- Uganda Heart Institute
- Uganda Medical and Dental Practitioners Council
- Women's Hospital International and Fertility Centre
- Galilee Community General Jewish Hospital of Uganda
- International Medical Group
- Uganda Joint Medical Store
- A.F. Mpanga Advocates
- ENSafrica
- Kampala Associated Advocates
- Kasirye Byaruhanga and Company Advocates
- Kateera & Kagumire Advocates
- Katende Ssempebwa & Company Advocates
- Kigozi Ssempala Mukasa Obonyo Advocates
- Ligomarc Advocates
- Sebalu & Lule Advocates
- Apolo Nsibambi
- Nasser Sebaggala
- David Serwadda
- Fred Ruhindi
- John Ssebaana Kizito
- Bulaimu Muwanga Kibirige
- Erias Lukwago
- Ian Clarke
- Jennifer Musisi
- Josephine Nambooze
- Maria Kiwanuka
- Laurence Sematimba
- Joseph Kizito
- Justinian Tamusuza
- Robert Ssejjemba
- Eugene Sseppuya
- Phillip Ssozi
- Sudhir Ruparelia
- Wasswa Serwanga
- Yusef Sozi
- Margaret Zziwa
- Beti Kamya-Turwomwe
- Moses Matovu
- Mohammed Hamid
- Hasmukh Dawda
00°20′41″N 32°35′40″E / 0.34472°N 32.59444°E / 0.34472; 32.59444