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UMU

Sector: Commercial • Location: Uganda

Source: International Finance Corporation (IFC)

Project
Completed

The project consists of a $1 million loan for Uganda Microfinance Union (UMU or the company) for the purpose of funding expansion of the company’s microfinance loan portfolio. A guarantee permitting local currency funding will be arranged if possible with a commercial bank.

The purpose of the IFC project is to assist the Union to achieve outreach on a scale that will ensure the availability of f

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Project Information

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The project “UMU” is an infrastructure initiative in the Commercial sector, located in Uganda. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

Sponsoring Agency

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Company

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Status

Original status

completed

Taiyo status

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Taiyo last update

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Available timestamps

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Available timestamp type

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Contact

Contact name

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Phone

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Email

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Address

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Description

Description

The project consists of a $1 million loan for Uganda Microfinance Union (UMU or the company) for the purpose of funding expansion of the company’s microfinance loan portfolio. A guarantee permitting local currency funding will be arranged if possible with a commercial bank. The purpose of the IFC project is to assist the Union to achieve outreach on a scale that will ensure the availability of financial services to the vast numbers of the population who are currently marginalized by the formal financial sector, and to facilitate the organization’s permanent self-sufficiency and sustainability.

Original sub-sector

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Original Currency

USD

Original budget

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Procurement method

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Budget

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Location

Region

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Country

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State

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County

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Location

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

Project Type

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Article Published Date

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