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Letshego Microfinance Uganda

Letshego Microfinance Uganda, (also Letshego Microfinance Uganda Limited (LMUL)), whose official name is Letshego Uganda Limited, is a Tier IV microfinance institution in Uganda.

LMUL is a microfinance company that offers SME loans, mortgage loans, and education loans, among other forms of lending. The company also offers savings accounts.[3]

As of December 2013, LMUL's assets were valued at UGX:91 billion (US$36.4 million) and it had a loan portfolio of UGX:58 billion ($23.2 million). Total customer deposits stood at UGX:43 billion ($17.2 million). At that time, the institution had 32 branches.[3]

History

The institution was founded in 2005 as Micro Provident Uganda Limited. In 2012, the business re-branded to Letshego Uganda Limited. In 2013, Letshego Holdings Limited acquired control of Micro Africa Limited, a Kenya-based microfinance institution with subsidiaries in Kenya, Rwanda, Uganda, and South Sudan. The two operations in Uganda were merged to form Letshego Microfinance Uganda Limited.[4][5]

Location

LMUL's headquarters are located at 9 Wampewo Avenue on Kololo Hill, a business and residential neighborhood within the city of Kampala, Uganda's capital. This is approximately 3 km north-east of the city center.[6] The coordinates of the institution's headquarters are 00°19'23.0"N, 32°35'47.0"E (Latitude:0.323056; Longitude:32.596389).[7]

Ownership

The company is majority owned by Letshego Holdings Limited, a publicly traded holding company of financial services subsidiaries in Botswana, Burundi, Eswatini, Kenya, Lesotho, Mozambique, Namibia, Nigeria, Rwanda, Tanzania, and Uganda.[5][8]

Branch network

The branch network of LMUL included the following locations as of August 2016.[9]

  • 1) Kololo Branch - 9 Wampewo Avenue, Kololo, Kampala Head Office
  • 2) Arua Branch - 47 Adumi Road, Arua
  • 3) Apac Branch - Hospital Road, Apac
  • 4) Bundibugyo Branch - 2 Vanilla Street, Bundibugyo
  • 5) Bushenyi Branch - 9 High Street, Bushenyi
  • 6) Tororo Branch - 5-17 Nagongera Road, Tororo
  • 7) Gulu Branch - 13 Awere Road, Gulu
  • 8) Iganga Branch - 4B Obojja Road, Iganga
  • 9) Ibanda Branch - 12 Bufunda Road, Ibanda
  • 10) Jinja Branch 1 - 54 Iganga Road, Jinja
  • 11) Jinja Branch 2 - 51-53 Lubas Road, Jinja
  • 12) Soroti Branch - 59B Gweri Road, Soroti
  • 13) Mbale Branch - BCU Building, 12 Manafwa Road, Mbale
  • 14) Kamuli Branch - 14 Gabula Kitimbo Road, Kamuli
  • 15) Kabwohe Branch - 67 Mbarara-Ishaka Road, Kabwohe
  • 16) Kajjansi Branch - 383 Kampala-Entebbe Road, Kajjansi
  • 17) Kanungu Branch - Independence Road, Kanungu
  • 18) Kasese Branch - Rwenzori Road, Kasese
  • 19) Kibaale Branch - 1 Isuunga Road, Kibaale
  • 20) Kiboga Branch - Kampala-Hoima Road, Kiboga
  • 21) Kireka Branch - 336 Kampala-Jinja Road, Kireka
  • 22) Kisozi Complex Branch - 8 Kisozi Complex, Kyaggwe Road, Nakasero, Kampala
  • 23) Kisoro Branch - 30 Kabale Road, Kisoro
  • 24) Kitgum Branch - 107 Uhuru Drive, Kitgum
  • 25) Kotido Branch - 20 London Road, Kotido
  • 26) Kyotera Branch - 238 Bukoba Road, Kyotera
  • 27) Kumi Branch - 14 Oumo Road, Kumi
  • 28) Lira Branch - 114 Oyam Road, Lira
  • 29) Luweero Branch - 739 Kampala-Gulu Road, Luweero
  • 30) Masaka Branch - 16 Edward Street, Masaka
  • 31) Masindi Branch - 91 Masindi Port Road, Masindi
  • 32) Fort Portal Branch - 3 Rukidi III Street, Fort Portal
  • 33) Mayuge Branch - 11 Bugade Road, Mayuge
  • 34) Kapchorwa Branch 1 - 32A Kapchorwa-Mbale Road, Kapchorwa
  • 35) Kapchorwa Branch 2 -23 Gogonya Road, Kapchorwa
  • 36) Mbarara Branch - 16-18 Bananuka Drive, Mbarara
  • 37) Mityana Branch - 425 Mityana Road, Mityana
  • 38) Moroto Branch - Moroto-Napak Road, Moroto
  • 39) Moyo Branch - Laura House, Besia Village, Moyo
  • 40) Mpigi Branch - 195 Butambala Road, Mpigi
  • 41) Nateete Branch - Marvin House, 962 Kampala-Masaka Road, Nateete
  • 42) Nebbi Branch - 19 Arua Road, Nebbi
  • 43) Ntungamo Branch - 8 Kabale Road
  • 44) Rukungiri Branch - 31 Rubabo Road, Rukungiri
  • 45) Kabale Branch - 88 Kisoro Road, Kabale
  • 46) Koboko Branch - Samuel Baba Road, Koboko

See also

External links

References

  1. Letshego Holdings Limited. Letshego Holdings Limited: 2015 Integrated Annual Report Letshego Holdings Limited, 31 December 2015, retrieved 13 August 2016^
  2. Alon Mwesigwa. Letshego raises competition among microfinance firms The Observer (Uganda), 26 February 2014, retrieved 8 August 2016^
  3. Bernard Busuulwa. Uganda's microfinance sector spreading out The EastAfrican, 8 February 2014, retrieved 8 August 2016^
  4. LMUL. History of Letshego Microfinance Uganda Letshego Microfinance Uganda Limited (LMUL), 8 August 2016, retrieved 8 August 2016^
  5. 4-Traders. Letshego: looks back at the last 18 years 4-Traders.com (4-Traders), 26 July 2016, retrieved 8 August 2016^
  6. Globefeed.com. Distance between Post Office Building, Kampala Road, Kampala, Central Region, Uganda and Letshego, Wampewo Avenue, Kampala, Central Region, Uganda Globefeed.com, 8 August 2016, retrieved 8 August 2016^
  7. {{google maps | title=Location of the Headquarters of Letshego Microfinance Uganda | access-date=8 August 2016 | url=https://www.google.com/maps/place/0%C2%B019'23.0%22N+32%C2%B035'47.0%22E/@0.3229575,32.5961416,19.48z/data=!4m5!3m4!1s0x0:0x0!8m2!3d0.323063!4d32.596374}}^
  8. Taofik Salako. Why we're selling our microfinance subsidiary to Botswana's Letshego, by FirstBank The Nation, 14 December 2015, retrieved 8 August 2016^
  9. LMUL. Branch List of Letshego Microfinance Uganda Limited Letshego Microfinance Uganda Limited (LMUL), 8 August 2016, retrieved 8 August 2016^