Unguka Bank Plc (UB), commonly known as Unguka Bank, is a
microfinance bank
Microfinance is a category of financial services targeting individuals and small businesses who lack access to conventional banking and related services. Microfinance includes microcredit, the provision of small loans to poor clients; savings ...
in
Rwanda. It is one of the banks licensed by the
National Bank of Rwanda, the country's banking regulator.
Overview
, UBL was a small but growing financial service provider, whose total asset valuation and shareholders' equity were publicly unknown at this time. At that time, the bank had 556 shareholders and 14 branches.
History
The institution was founded in 2005, as Unguka Microfinance Limited, by 215 investors with total capital of about US$538,400 (
RWF:321.1 million). In 2008, the bank's processes were automated. In 2012, the institution transformed into a microfinance bank, following the issuance of a microfinance banking licence by the National Bank of Rwanda. The bank rebranded as Unguka Bank Limited.
Ownership
The
stock of Uguka Bank is privately owned by corporate and individual investors. At this time, the detailed shareholding in the bank is not publicly known. 35% shareholding is owned by
Rural Impulse Fund II
In general, a rural area or a countryside is a geographic area that is located outside towns and cities. Typical rural areas have a low population density and small settlements. Agricultural areas and areas with forestry typically are describ ...
(RIF).
See also
*
List of banks in Rwanda
This is a list of banks in Rwanda
; Commercial banks
# Guaranty Trust Bank (Rwanda) plc - commonly referred to as GTBank Rwanda
#Bank of Kigali
# I&M Bank (Rwanda) - Formerly Commercial Bank of Rwanda (BCR)
# Compagnie Générale de Banque (Co ...
*
Economy of Rwanda
The economy of Rwanda has undergone rapid industrialisation due to a successful governmental policy. It has a mixed economy. Since the early-2000s, Rwanda has witnessed an economic boom, which improved the living standards of many Rwandans. The ...
References
External links
*
{{Economy of Rwanda
Banks of Rwanda
Banks established in 2005
2005 establishments in Rwanda
Organisations based in Kigali
Economy of Kigali