License to conduct micro finance business

To restrict entry into the financial sector to viable institutions that are adequately capitalized, efficiently managed, properly governed and owned by fit and proper shareholders

An application for a license to operate an institution shall be submitted through a letter duly signed by the applicant, addressed to the Executive Director, Supervision Function, Bank of Uganda and shall contain the following information:

  • A certificate of incorporation and memorandum and articles of association from Uganda Registration Services Bureau. OR other instrument under which the company is incorporated.
  • Verified official notification of the company's registered place of business.
  • Amount of authorized and paid up capital.
  • The prospective place of operation, indicating that of the head office and branch offices.
  • Certificate of a time deposit equivalent to seventy five percent of the required minimum paid-up capital deposited with a commercial bank and which shall be held with the bank until the license is approved.
  • Biographical data on each of the founding shareholders, together with a breakdown of the proposed ownership structure and of the proposed directors and officers.
  • Information relating to the criteria for determining professional and moral suitability of proposed directors, top managers and shareholders of institutions and a sworn declaration of assets and liabilities of founder shareholders
  • In the case of a wholly owned subsidiary of a bank licensed in Uganda, a copy of the Resolution of the Board approving the proposed investment.
  • In the case of a reputable financial institution, a copy of the Resolution of the Board approving the proposed investment and, where applicable, a copy of the approval granted by the home country regulator.
  • In the case of a company in operation, a copy of the latest audited balance sheet and profit and loss accounts of the company for each of the three years preceding the application, and other suitable   evidence of the resources required for business operations, including a copy of the Resolution of the Board with the approval for the proposed investment.
  • Two copies of the feasibility study of the institution showing the nature of the planned business, the organizational structure and the planned internal monitoring procedures of the company.
  • Copies of the applicant's risk management programs.
  • A fully completed questionnaire on the institution's premises.

  • Phone:+256 414 259090, +256 417 302000, +256 312 392000
  • Physical Address:Head Office, Plot 37/45 Kampala Road
  • Postal Address:P.O Box 7120, Kampala, Uganda
  • Jurisdiction:National
  • Email
  • Website:
  • Operating Hours:Moday to Friday, 8:00am-5:00pm (excluding weekends and public holidays)
  • Directions: View Directions