Uganda has around 41.5 million inhabitants and experienced economic growth of around 4% during the last years. Its rank in the human development index is 163 out of 188.
The access to financial services experienced great improvements, especially though new technologies like Mobile Banking and Mobile Money. However, around 15% of the population in Uganda is still financially excluded from the formal sector. Moreover, the quality of the financial services as well as financial literacy are still constraints to sustainable inclusion.
Our project activities in Uganda have not yet begun. SBFIC is currently exploring opportunities to support the microfinance sector in Uganda. We will keep you updated about all our recent activities.