Unguka Bank
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| Company type | Private |
|---|---|
| Industry | Banking |
| Founded | 2005 |
| Headquarters | Kigali, Rwanda |
Key people | Justin Kagishiro chief executive officer |
| Products | Loans, Electronic productss, savings, investments, mortgages, Remittances |
| Revenue |  Aftertax: US$387,000+ (RWF:230 million) (2010)[1] |
Number of employees | 170 |
| Website | www |
LOLC Unguka Finance PLC, commonly known as Unguka Bank, is a microfinance institution in Rwanda. It is one of the MFI licensed by the National Bank of Rwanda, the country's banking regulator.[2]
History
The institution was founded in 2005, as Unguka Microfinance Limited,[4] by 215 investors with total capital of about US$538,400 (RWF:321.1 million). In 2008, the bank's processes were automated.[5] In 2012, the institution transformed into a microfinance bank, following the issuance of a microfinance banking licence by the National Bank of Rwanda. The bank rebranded as Unguka Bank Limited.[6]
Ownership
The stock of Uguka Bank is privately owned by corporate and individual investors. At this time, the detailed shareholding in the bank is not publicly known. 35% shareholding is owned by Rural Impulse Fund II (RIF).[3]
