- Opportunity Uganda Limited
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Opportunity Uganda Limited Type Private Industry Financial Services Founded 1995 Headquarters 7A John Babiiha Avenue
Kololo, Kampala, UgandaKey people Archibald Mears, CEO Products Loans Revenue US$897,000 (2010) Total assets US$13.8 million (2010)[1] Employees 240 (2010) Website Homepage Opportunity Uganda Limited (OUL), is a credit institution (Tier II Financial Institution) in Uganda.
Contents
Location
The head offices of Opportunity Uganda Limited are located at 7 Babiiha Avenue, on Kololo Hill, an upscale business and residential neighborhood, within the city of Kampala, Uganda's capital.[2] The coordinates of the company headquarters are:00 19 48N, 32 35 13E (Latitude:0.3300; Longitude:32.5980).
History
This microfinance institution was licensed in 1995 and began operations in 1996 as FAULU Uganda, a programme of Food for the Hungry International, an NGO. In July 1999, Faulu Uganda incorporated as a limited liability company in Uganda, becoming FAULU Uganda Limited. Under that name, the company became part of the FAULU network in Uganda and Kenya.[3]
In 2006, Opportunity Transformation Investments and Opportunity International Australia, each purchased a 31.5% stake in FAULU Uganda Limited, giving Opportunity International a combined majority stake of 63% in the fourth largest microfinance institution in Uganda.[4] In December 2009, Opportunity bought the remaining shares of FAULU Uganda, thereby taking outright ownership of the company. The financial institution was re-named Opportunity Uganda Limited.[5]
Overview
Opportunity Uganda Limited is a Tier II Financial Institution (MFI). It is not authorized to offer checking accounts or deal in foreign exchange. The company is authorized to take in customer deposits and to establish savings accounts. It is also authorized make collateralized and non-collateralized loans to savings and non savings customers. The company is a wholly owned subsidiary of Opportunity International and is a member of their network. They specialize in lending to the poorest of the working poor. As of December 2010[update], the institution's total assets were in excess of US$13.8 million, with shareholder's equity of approximately US$4.6 million.[6]
Ownership
The company is 100% owned by Opportunity International, as of December 2009.
Branch Network
The branch network of Opportunity Uganda Limited includes the following locations: [7]
- Main Branch - Babiiha Avenue, Kololo, Kampala
- Kawempe Branch - Kawempe, Kampala[8]
- Owino Market Branch - Nakivubo Road, Kampala
- Nateete Branch - Nateete, Kampala
- Kira Road Branch - Kira Road, Kamwokya, Kampala
- Jinja Branch - Jinja
- Iganga Branch - Iganga
- Mbarara Branch - Mbarara
- Masaka Branch - Masaka
- Kalagi Branch - Kalagi, Mukono District
- Mubende Branch - Mubende
- Mayuge - Mayuge
See also
- Banking in Uganda
- List of banks in Africa
- List of banks in Uganda
External links
- Opportunity International Buys 100% FAULU Uganda
- Total Loan Portfolio US$6.06 Million in 2008
- Opportunity International Partners in Africa
References
- ^ December 2010 Financial Data
- ^ Opportunity Uganda Headquarters Located in Kololo
- ^ The Beginning of Opportunity Uganda Limited
- ^ Opportunity International Buys Majority Stake in FAULU Uganda
- ^ Opportunity International Buys Faulu Uganda
- ^ Financial and Performance Data December 2010
- ^ Branches of Opportunity Uganda Limited
- ^ Opportunity Uganda Limited Maintains Branch in Kawempe
Kampala District Capital: Kampala Divisions Neighborhoods Bugoloobi · Bukoto · Busega · Butabika · Bwaise · Ggaba · Kabalagala · Kamwookya · Kansanga · Kaleerwe · Kanyanya · Kasubi · Katwe · Kawaala · Kawempe · Kibuli · Kibuye · Kigoowa · Kikaaya · Kisaasi · Kiwaatule · Kulambiro · Kololo · Kyambogo · Kyebando · Lubaga · Lungujja · Luzira · Makerere · Makindye · Mbuya · Mengo · Mpererwe · Mulago · Munyonyo · Mutundwe · Muyenga · Naakulabye · Naguru · Najjanankumbi · Nakasero · Nakawa · Namirembe · Namungoona · Namuwongo · Nateete · Ndeeba · Nsambya · Ntinda · Old Kampala · Port Bell · Wandegeya Economy Air Uganda · Aya Group · Quality Chemical Industries Limited · Mukwano Group · Ruparelia Group · Bank of Uganda · ABC Capital Bank · Bank of Africa · Bank of Baroda · Barclays Bank · DFCU Group · Cairo International Bank · Centenary Bank · Citibank · Crane Bank · DFCU Bank · Diamond Trust Bank · Ecobank · Equity Bank · Fina Bank · Global Trust Bank · Housing Finance Bank · Imperial Bank Uganda · Kenya Commercial Bank · National Bank of Commerce · Orient Bank · PostBank Uganda · Stanbic Bank · Standard Chartered Bank · Tropical Bank · United Bank for Africa · East African Development Bank · Uganda Development Bank · National Housing and Construction Company · Uganda Air Cargo · International Medical Group · National Social Security Fund · Umeme · Uganda Securities Exchange · Uganda Investment Authority · Capital Markets Authority · The Monitor · New Vision · New Vision Group · Uganda Telecom · Mercantile Credit Bank · Pride Microfinance Limited · Uganda Finance Trust Limited · Opportunity Uganda Limited · Kyagalanyi Coffee Limited · FINCA Uganda Limited · UGAFODE Microfinance LimitedNotable
landmarksBulange · Uganda Parliament Buildings · Butabika National Referral Hospital · Mulago Hospital Complex · Nsambya Hospital · Rubaga Hospital · Mengo Hospital · International Hospital Kampala · Kibuli Hospital · Kampala Capital City Authority Complex · Kampala Serena Hotel · Hotel Africana · Kampala Sheraton Hotel · Imperial Hotels Group · Imperial Royale Hotel · Grand Imperial Hotel · Hotel Equatoria · Kampala Hilton Hotel · Kampala Intercontinental Hotel · Kampala Speke Hotel · East African Development Bank Building · Bank of Uganda Building Complex · Mengo Palace · St. Paul's Cathedral Namirembe · St. Mary's Cathedral Lubaga · Makerere University Main Campus · Kibuli Mosque · Old Kampala Mosque · Kampala Airport · Uganda Museum · Uganda National Cultural Centre · Kampala Northern Bypass Highway · Kampala-Jinja Highway · Kasubi Tombs · Roman Catholic Archdiocese of KampalaEducation Makerere University · Makerere University Business School · Kampala International University · Kampala University · Kyambogo University · Law Development Centre · International Health Sciences University · International University of East Africa · Makerere College School · Rubaga Community School · Saint Lawrence University · Uganda Management Institute · Victoria University UgandaNotable people Apolo Nsibambi · Nasser Ntege Sebaggala · David Serwadda · Fred Ruhindi · John Ssebaana Kizito · Bulaimu Muwanga Kibirige · Erias Lukwago · Dr. Ian Clarke · Jennifer Musisi · Maria Kiwanuka · Laurence Sematimba · Joseph Kizito · Justinian Tamusuza · Robert Ssejjemba · Eugene Sseppuya · Phillip Ssozi · Wasswa Serwanga · Yusef Sozi · Derrick SebagalaCategories:- Banks of Uganda
- Companies of Uganda
- Kampala District
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