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To become a licensed money lender, one must:
Register a legal entity.
Prepare the required documentation.
Apply for a license through the Uganda Microfinance Regulatory Authority (UMRA).
Meet the capital and compliance requirements set by the law.
Requirements to be updated
Obtain the application form from UMRA.
Provide all necessary documents (business registration, premises, capital, etc.).
Pay the prescribed licensing fee.
Undergo inspection and approval by UMRA.
Receive a valid Money Lender’s License.
A genuine lender is one who:
Is licensed by UMRA.
Displays a valid license at their business premises.
Operates transparently and charges fair interest rates.
Issues formal loan agreements and receipts.
The Uganda Money Lenders Association has established a fully functional secretariat that coordinates all administrative, training, and member engagement activities.
We continue to strengthen collaboration with UMRA, organize sectoral dialogues, and expand membership across the country.