Yes, money lenders in Uganda are regulated. Here’s a breakdown of the regulatory framework: The Tier 4 Microfinance Institutions and Money Lenders Act (2016): This is the primary law governing money lenders in Uganda. It established the Uganda Microfinance Regulatory Authority (UMRA) as the body responsible for licensing, supervising, and regulating money lenders. Uganda Microfinance […]
Loan
20+ Loan Apps Without Face Verification and Selfie Recognition (2025)
In today’s digital age, access to quick cash solutions is more important than ever. However, some people are hesitant to use loan apps due to privacy concerns surrounding face verification and selfie recognition technologies. These technologies, while offering security benefits, might not be comfortable for everyone. This article explores some of loan Apps Without Face […]
Can Loan Apps Sue You In Uganda? (2025)
Yes, loan apps can sue you in Uganda if you default on your loan. Here’s a breakdown of why and how: Legal Basis for Lawsuits: Loan Agreement: When you sign a loan agreement with an online lender, you enter into a legally binding contract. Failure to repay as per the agreement constitutes a breach of […]
