Letshego Microfinance Uganda

Microfinance institution in Uganda

Letshego Uganda Limited
Company type	Private
Industry	Financial services
Founded	2005 (2005)
Headquarters	Kololo, Kampala, Uganda
Key people	Geoffrey Kitakule chief executive officer^[1]
Products	Loans, savings accounts
Total assets	US$36.4 million (UGX:91 billion) (2013)^[2]
Website	Homepage

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 kilometres (2 mi) 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]

Kololo Branch - 9 Wampewo Avenue, Kololo, Kampala Head Office
Arua Branch - 47 Adumi Road, Arua
Apac Branch - Hospital Road, Apac
Arua Park Branch - Shop 7&8, Arua Park Mall, Kampala
Bundibugyo Branch - 2 Vanilla Street, Bundibugyo
Bushenyi Branch - 9 High Street, Bushenyi
Tororo Branch - 5-17 Nagongera Road, Tororo
Gulu Branch - 13 Awere Road, Gulu
Iganga Branch - 4B Obojja Road, Iganga
Ibanda Branch - 12 Bufunda Road, Ibanda
Jinja Branch 1 - 54 Iganga Road, Jinja
Jinja Branch 2 - 51-53 Lubas Road, Jinja
Soroti Branch - 59B Gweri Road, Soroti
Katwe Branch - Katwe Road, Katwe, Kampala
Mbale Branch - BCU Building, 12 Manafwa Road, Mbale
Kamuli Branch - 14 Gabula Kitimbo Road, Kamuli
Kabwohe Branch - 67 Mbarara-Ishaka Road, Kabwohe
Kajjansi Branch - 383 Kampala-Entebbe Road, Kajjansi
Kaleerwe Branch - 220 Kampala-Gayaza Road, Kaleerwe, Kampala
Kanungu Branch - Independence Road, Kanungu
Kasese Branch - Rwenzori Road, Kasese
Kayunga Branch - Busaana Road, Kayunga
Kibaale Branch - 1 Isuunga Road, Kibaale
Kiboga Branch - Kampala-Hoima Road, Kiboga
Kireka Branch - 336 Kampala-Jinja Road, Kireka
Kisozi Complex Branch - 8 Kisozi Complex, Kyaggwe Road, Nakasero, Kampala
Kisoro Branch - 30 Kabale Road, Kisoro
Kitgum Branch - 107 Uhuru Drive, Kitgum
Kotido Branch - 20 London Road, Kotido
Kyotera Branch - 238 Bukoba Road, Kyotera
Kumi Branch - 14 Oumo Road, Kumi
Lira Branch - 114 Oyam Road, Lira
Luweero Branch - 739 Kampala-Gulu Road, Luweero
Masaka Branch - 16 Edward Street, Masaka
Masindi Branch - 91 Masindi Port Road, Masindi
Fort Portal Branch - 3 Rukidi III Street, Fort Portal
Mayuge Branch - 11 Bugade Road, Mayuge
Kapchorwa Branch 1 - 32A Kapchorwa-Mbale Road, Kapchorwa
Kapchorwa Branch 2 -23 Gogonya Road, Kapchorwa
Mbarara Branch - 16-18 Bananuka Drive, Mbarara
Mityana Branch - 425 Mityana Road, Mityana
Moroto Branch - Moroto-Napak Road, Moroto
Moyo Branch - Laura House, Besia Village, Moyo
Mpigi Branch - 195 Butambala Road, Mpigi
Mukono Branch - 3 Kampala-Jinja Road, Mukono
Nansana Branch - Masitowa Building, 5390 Kampala-Hoima Road, Nansana
Nateete Branch - Marvin House, 962 Kampala-Masaka Road, Nateete
Nebbi Branch - 19 Arua Road, Nebbi
Ntungamo Branch - 8 Kabale Road
Rukungiri Branch - 31 Rubabo Road, Rukungiri
Kabale Branch - 88 Kisoro Road, Kabale
Koboko Branch - Samuel Baba Road, Koboko

References

^ Letshego Holdings Limited (31 December 2015). "Letshego Holdings Limited: 2015 Integrated Annual Report" (PDF). Gaborone: Letshego Holdings Limited. Retrieved 13 August 2016.
^ Mwesigwa, Alon (26 February 2014). "Letshego raises competition among microfinance firms". The Observer (Uganda). Kampala. Retrieved 8 August 2016.
^ ^a ^b Busuulwa, Bernard (8 February 2014). "Uganda's microfinance sector spreading out". The EastAfrican. Nairobi. Retrieved 8 August 2016.
^ LMUL (8 August 2016). "History of Letshego Microfinance Uganda". Kampala: Letshego Microfinance Uganda Limited (LMUL). Retrieved 8 August 2016.
^ ^a ^b 4-Traders (26 July 2016). "Letshego: looks back at the last 18 years". Annecy, France: 4-Traders.com (4-Traders). Retrieved 8 August 2016.{{cite web}}: CS1 maint: numeric names: authors list (link)
^ Globefeed.com (8 August 2016). "Distance between Post Office Building, Kampala Road, Kampala, Central Region, Uganda and Letshego, Wampewo Avenue, Kampala, Central Region, Uganda". Globefeed.com. Retrieved 8 August 2016.
^ Google (8 August 2016). "Location of the Headquarters of Letshego Microfinance Uganda" (Map). Google Maps. Google. Retrieved 8 August 2016.
^ Salako, Taofik (14 December 2015). "Why we're selling our microfinance subsidiary to Botswana's Letshego, by FirstBank". The Nation (Nigeria). Mushin, Lagos, Nigeria. Retrieved 8 August 2016.
^ LMUL (8 August 2016). "Branch List of Letshego Microfinance Uganda Limited". Kampala: Letshego Microfinance Uganda Limited (LMUL). Retrieved 8 August 2016.