UGAFODE Microfinance Limited

UGAFODE Microfinance Limited, commonly known as UGAFODE, is a microfinance institution in Uganda. It is registered and licensed as microfinance deposit-accepting institution (MDI) by the Bank of Uganda, the central bank and national banking regulator. UGAFODE was the fourth MDI registered in Uganda.

History
UGAFODE was founded in 1994 as the Uganda Agency for Development Limited, a non-governmental organization whose primary objective was to provide affordable financial services to its customers. In September 2010, in preparation to become an MDI, UGAFODE Microfinance Limited was incorporated as a limited company.

In 2011, the institution accepted eight new shareholders, including Ezra Suruma, Uganda minister of finance from 2005 until 2009 and senior adviser for finance and planning to the President of Uganda. Suruma also had an ownership interest in the National Bank of Commerce (Uganda), a Tier I commercial bank, which was closed in 2012.

An application was made to the Bank of Uganda for the issuance of an MDI banking license. In October 2011, a Tier III MDI licence was granted, and MDI operations began on 10 October 2011.

, the institution's total assets were about US$10.07 million (UGX:25.34 billion), with shareholders' equity of about US$2.25 million (UGX:5.66 billion).

Branch network
, the institution maintained branches at the following locations, arranged alphabetically:


 * 1) Bombo Road Branch - Silva Arcade, 62 Bombo Road, Kampala Main Branch
 * 2) Ibanda Branch - Adam's Building, Main Street, Ibanda
 * 3) Ishaka Branch - 33 Rukungiri Road, Ishaka
 * 4) Kagadi Branch - 241-242 Isunga Road, Kagadi
 * 5) Kyotera Branch - 184-753 Mutukula Road, Kyotera
 * 6) Lira Branch - Plot 8A, Soroti Road, Lira
 * 7) Lyantonde Branch - 215-76 Main Street, Lyantonde
 * 8) Mbarara Branch - 23 Bananuka Drive, Mbarara
 * 9) Mpigi Branch - Continental House, Mpigi
 * 10) Nkrumah Road Branch - 11/13 Nkrumah Road, Kampala
 * 11) Ntungamo Branch - 69A Kabale Road, Ntungamo
 * 12) Rubaga Road Branch - 22 Namirembe Road, Kampala
 * 13) Rukungiri Branch - 5 Rubabo Road, Rukungiri
 * 14) Lira Branch - Plot 8A Soroti Road, Lira, Lira
 * 15) Nakivale Refugees settlement Branch, Isingiro