Lending services
1. Business Loans
Obumwe Microfinance’s business Loan is designed to support local entrepreneurs across Uganda whether you run a small business, ride a boda boda, operate a salon, or sell goods in the market. This loan is tailored to help you expand, restock, buy essential equipment, and improve your daily cash flow. The loan can be used to grow any kind of micro or small business, including salons, groceries, market stalls, mobile money shops, boda boda businesses, tailoring, and more.
It helps business owners increase their profits while building a strong saving culture.
Loan amounts range from UGX 1,000,000 and above with flexible repayment schedules depending on your income flow. Interest is affordable and charged on a reducing balance, and loan terms go up to 36 months.
To qualify, applicants must be actively running a legal business within the service area. You will need a valid National ID, a sound guarantor or acceptable collateral, and a short business assessment by our loan officers. Group and individual loans are both available.
In addition, Obumwe Microfinance includes local insurance tailored to your loan. This protects your business from sudden shocks—like loss of stock, fire, or accidents so you can stay in business even in hard times.
2. Agricultural loans
Obumwe Microfinance offers simple and affordable Agricultural Loans that are designed to help farmers across Uganda. If you have crops, livestock, or a small agribusiness, this loan is tailored to help you invest in your farm, increase productivity, and increase your earnings. You may use the loan in the buying of seeds, fertilizers, pesticides, and animal feeds, purchasing livestock and poultry, labor hiring for farming, preparing the land, purchase of farming implements and haulage or sale of your harvest.
It is available to use by single farmers or farming collectives.
The farmers can access money, on a flexible repayment term based on harvest time. Reduction balance interest rates are applicable, and lending terms range from 3 months to 18 months.
2. Development Loans
Obumwe Microfinance Development Loan is designed to support both extremely low-income earners and corporate professionals without exclusion. This credit facility is ideal for microbusinesses and small enterprises, Individuals who want to grow financially in their lives and businesses where we offer them financial support for any productive business purpose, Asset Aquisition. These development loans provide flexible repayment terms and can be used for resupplying businesses, acquiring essential business assets such as automobiles, motorcycles, grinding mills, and other machinery and also acquisition of personal assets such as Houses, Land etc.
3. Salary Loan
Obumwe Microfinance Limited Salary Loan facility is intended to help wage earners who may require instant cash at times prior to receiving the subsequent salary. The facility enables eligible employees to borrow up to 60% of their monthly earnings in advance, and repayment terms range between 1 to 24 months. The loan facility is initiated at a minimum of UGX 500,000 and can be repaid through convenient monthly salary deductions. The Salary Loan offers a quick turnaround, low interest rates, and reasonable repayment terms making it an ideal solution for employees seeking short-term financial assistance without impacting their cash flow.
4. School fees loan
Obumwe Microfinance Limited School Fees Loan aims to help parents, guardians, and caregivers who are financially squeezed in paying school fees. During tough economic times like ours today, most families cannot raise enough money to take their children back to school—and that is where the solution comes with this loan.
The loan has several benefits like speedy processing, no strict requirement of collateral, and approval based on a verifiable source of income. The amount of the loan can be utilized by the borrowers up to UGX 5 million with reasonable interest rates and flexible repayment terms for 6 to 254 months.
5. The Emergency Loan
The Emergency Loan offered by Obumwe Microfinance Limited is meant to help members meet unexpected and urgent financial obligations. Whether a medical crisis, family emergency, or unexpected business expense, this loan offers a speedy and reliable financial cushion in a moment of need. To be qualified, one has to provide the employer's letter of recommendation, identification (Employment & National), copy of the employment contract, bank statements for six months, and any other security form agreed upon. Income proof or business income sources are also required.