By Joel Ogwang
MULTIPLE borrowing is a threat to micro-finance institutions (MFIs), the Association of Micro Finance Institutions of Uganda president, has said.
Dorothy Katantazi urged the Government to speed up the operations of a credit reference bureau and facilitate the existence of national identity cards for borrowers.
â€œMost clients borrow from several MFIs even beyond their capacity to pay, consequently plunging those firms into loses,â€ Katantazi said.
She was last week speaking at the opening of a two-day national AMFIU workshop under the theme â€œEconomic and social development: the twin challenge of micro finance in Ugandaâ€ at Colline Hotel, Mukono.
AMFIU, founded in 1996, is the umbrella network of MFIs in Uganda. It has 120 members and 20 associate members.