UMRA to start enforcement operations against unlicensed money lenders
Edith Tusuubira Namugga, the UMRA Executive Director, said they are in the final stages of issuing the Tier 4 lending conditions regulations (2024) to deal with predatory challenges.
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Edith Tusuubira Namugga, the UMRA Executive Director (middle) with Mutatiina and Racheal Vanesa Muhwezi, the manager in charge of microfinance institutions at UMRA at the UMRA head offices. Photo by Moses Kigongo
By NewVision Reporter
Journalists @NewVision
Uganda Microfinance Regulatory Authority (UMRA) is set to start enforcement operations against money lenders who operate without licenses in the country.
The authority has noted with concern that