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Money lending apps in Uganda

Nuwarimpa Martin made this Access to Information request to Bank of Uganda (BoU)

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Nuwarimpa Martin
Delivered

Dear Bank of Uganda (BoU),

Money lending apps in Uganda lend instant money via mobile money but over charg the interst ie 2times the principle in one week which is not fair help us

Yours faithfully,

Nuwarimpa Martin

Link to this Report
Bank of Uganda, Bank of Uganda (BoU)

Hello Martin,

Tier 4 Microfinance institutions (money lenders) are regulated by Uganda Microfinance Regulatory Authority (UMRA) please contact them for assistance.

Thanks

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Link to this Report
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