Obumwe Microfinance

GET TO KNOW US

OBUMWE MICROFINANCE Ltd is a trusted and reputable organization regulated by the Uganda Microfinance Authority (UMRA) having been registered officially in 2016 and it started operating in 2019 offering financial services which include:

Lending services

We offer a variety of affordable and flexible credit facilities tailored to meet the needs of individuals, households, and small businesses. These include: Development Loans, Agricultural Loans, Business Loans, School Fees Loans, Salary Loans, Emergency Loans etc.

Formation of Saving Groups

To address limited access to unsecured financing in the informal sector, we help in formation of Saving Groups such as Turi Obumu saving group. We work with Boda Boda riders, Market vendors, SMEs, Askaris, Refugees, PWDs. We use the generated savings score that we use to give unsecured financing to members.

Financial Literacy

We offer free financial literacy workshops and trainings aimed at equipping individuals and groups with the knowledge and skills needed for financial independence and business growth. Our training covers: Financial Management, The Importance of Saving, Record Keeping and management, Business Registration, Tax Education, Succession planning for Small Businesses.

WHAT WE DO FOR YOU

OBUMWE MICROFINANCE Limited specializes in providing financial services to Micro, Small and Medium enterprises nationwide including individuals. The primary focus is to provide holistic and affordable financial solutions and improve the livelihood of our customer more especially low income earners and urban disadvantaged groups such as Markert Vendors, Bodabodas riders, private security guards plus disadvantaged women and youth through interactions on the various platforms that we have provided. We started operations with an aim of helping local income earners in Uganda so that they could run their business effectively without any worry about capital or financing by offering affordable business owners who have collateral and also those with no collateral security.

Affordable Credit Facilities

We have been able to serve over 1,000 customers via our branch network and we are exploring other avenues to reach more potential customers that have been left on the peripheral by other financial services providers.
Since its inception and commencement of operations in Uganda in 2016 and 2019 respectively, Obumwe Microfinance has evolved to become one of the country’s leading microfinances that focus on improving people’s lives and how they can overcome eventualities with coverage in Kampala, Wakiso, Mukono, Mpigi, Mbarara, Isingiro District and with plans of expanding to other regions of Uganda.

Customer Financial Improvement

Due to the effects of COVID-19, our clients faced numerous challenges with regard to access to working capital and also emergency situations and since we serve the local income earners, The founders of Obumwe microfinance organized a financial literacy workshop for its clients to educate the clients on how to mitigate financial risks and through this meeting we suggested the idea that we thought would work best for the clients which creating a saving group under Obumwe Microfinance ltd to help our clients save to reach their financial targets. Obumwe management together with clients created their own saving group called TURI OBUMU (meaning "togetherness") where they saved money among themselves that would help them in times of need. They asked Obumwe Microfinance to oversee the operations and finances of the group since they have structures and qualified personnel to do so. We Opted to create a life changing intervention for of our clients who have been able to save daily/weekly/monthly which they have helped them to overcome challenging situations. The one product under Turi Obumu is the "GOAL SAVER" where through the voluntary savings under Turi Obumu people have been able to buy new Boda Boda (Motor cycle riders), build houses and pay school fees for their children, covering the hospital bills and helping the growth of their businesses.

It through the " Individual Turi Obumu saving credit scores", that our members are able to get unsecured credit facilities from Obumwe Microfinance at extremely low interest rates and of amounts three times higher than their current savings balances through the partnership Turi Obumu group has with Obumwe microfinance limited.

Build Your Future With Us.

Securing Your Path to Prosperity