DFCU at 50
Jun 17, 2014
Leasing is a good source of medium term funding for capital assets. With simpler security arrangements and less strict requirements, Leasing provides a viable financing alternative for businesses wishing to expand their capacity
Leasing is a viable financing option for business expansion
Leasing is a good source of medium term funding for capital assets. With simpler security arrangements and less strict requirements, Leasing provides a viable financing alternative for businesses wishing to expand their capacity. We spoke to the President of the Uganda Leasing Association, Mr. Joseph Ndiho Kiiza, about the state of leasing in Uganda and the future opportunities.
Leasing can improve agriculture productivity
By Billy Rwothungeyo
President Yoweri Museveni has on numerous occasions urged Ugandans to adopt commercial farming in the fight against poverty.
Many African countries have economies strongly dominated by the agricultural sector. Statistics indicate that majority of Ugandans are employed in agriculture, however, investment and output of the sector still remains dismal. One of the hindrances to mechanised farming is farmers cannot afford equipment such as tractors.
DFCU bank has provisions for leasing of agricultural equipment such as tractors, milking tanks and other farm inputs to interested clients. “Our leasing process starts by the customers themselves
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What we can learn from the developed world
If you ask some Ugandans on the streets of Kampala what they know about leasing, chances are high that many will not know what you mean, writes Billy Rwothungeyo
A robust leasing industry has helped the Western world to economic development and creation of jobs, by making it easier for micro, small and medium enterprise
Rights, obligations of parties to a lease contract
There are various types of leases, but the most common type in Uganda is the finance lease, which shall therefore form the basis of this discussion.
A finance lease is an agreement between the owner of an asset (the lessor) and the user of the asset (the lessee) whereby the lessor gives possession and use of the asset to the lessee for a specified period on the payment of rentals by the lessee to the lessor.
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