COUNTRY FACTS

 

Location: East Africa
 
Neighboring Countries: Kenya, Sudan, Democratic Republic of Congo, Rwanda, Tanzania
 
Population: 30,900,000
 
GDP Per Capita (PPP): $1,059 (2007 est.)
 
Politics: Presidential republic
 
Economy:

  • GDP Growth Rate: 6% (2007 est.)
  • Composition of GDP: Agriculture (29.4%), Services (48.5%) and Industrial Sectors (22.1%)
    • Main Agricultural Products: Coffee, tea, cotton, tobacco, cassava (tapioca), potatoes, corn, millet, pulses, beef, goat meat, milk, poultry, and cut flowers
    • Main Industries: Sugar, brewing, tobacco, cotton textiles, cement and steel production
  • Significant Trading Partners: Kenya, the EU, the United Arab Emirates, South Africa, India, and China
  • In 2000, Uganda received funding from the Heavily Indebted Poor Countries (HIPC) debt relief initiative worth $1.3 billion

 

 

Source: Wikipedia
To learn more about Uganda, please click here

 

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Client Banks / Commercial Microfinance Ltd., Uganda

Commercial Microfinance Ltd., Uganda

Website: http://cmf.co.ug

Bank Description:

 

Commercial Microfinance Limited (CMF) is licensed by the Bank of Uganda as a Tier II Financial Institution operating through a network of eight branches in Uganda. CMF was incorporated in May 2000 as a limited company and is authorized to take savings and deposits from the public, as well as provide loans and other credit facilities. Its vision is to become a leading provider of financial services that is dedicated to helping the mass market.
 
Clients can access CMF’s services through a two-tiered system of 8 branches (four located in Kampala), 13 agencies and a network of ATMs. Branches have full service options and agencies are primarily used as sales offices without cash services. The organization provides a range of lending products including group and individual micro loans, small business loans and salary loans. It also provides savings products, money transfer facilities and standing order payments.

 

 

Capacity Building
Main Shorecap Exchange Capacity Building Support Areas: 

  • Microfinance and small business lending and operations
  • Asset liability/risk management and internal audit, including a branch operations review
  • Human resources strengthening with a focus on retention strategies and training 

 

Exchange KEN Participation

 

Financial Performance Table

Financial Performance

2007

2008

Net Loans Outstanding (in mil)

$10.4

$9.0

Total Deposits (in mil)

$12.0

$11.7

Return on Average Assets

(1.0%)

(5.7%)

No. of Borrowers

12,307

10,599

No. of Depositors

120,493

10,599

No. of Branches

8

8

No. of Employees

202

209

No. Development Loans

   

- Year to Date

NA

NA

- Cumulative

NA

NA

Fx Rate (Ush/$)

1750.0  

 
N/A - Not Applicable
NA - Not Available

 


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