COUNTRY FACTS
Location: East Africa
Neighboring Countries: Kenya, Sudan, Democratic Republic of Congo, Rwanda, Tanzania
Population: 30,262,610
GDP Per Capita (PPP): $1,800 (2006 est.)
Politics: Presidential republic
Economy:
- GDP Growth Rate: 5.3% (2006)
- 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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COMMERCIAL MICROFINANCE LTD.
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.
- 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
|
Financial Performance |
2006/2007 |
|
Net Loans Outstanding (in mil) |
$11.2 |
|
Total Deposits (in mil) |
$7.3 |
|
Return on Average Assets |
2.4% |
|
No. of Borrowers |
14,338 |
|
No. of Depositors |
91,767 |
|
No. of Branches |
8 |
|
No. of Employees |
186 |
|
No. Development Loans |
|
|
- Year to Date |
NA |
|
- Cumulative |
NA |
|
Fx Rate (Ush/$) |
1750.0 |
N/A - Not Applicable
NA - Not Available
