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UMRA Cracks Down On Unauthorized Online Loan Providers In Uganda

UMRA Cracks Down On Unauthorized Online Loan Providers In Uganda

The Uganda Microfinance Regulatory Authority ( UMRA ) has identified and published a list of 59 online applications that are operating illegally by offering loans in Uganda. UMRA, mandated by the Tier 4 Microfinance Institutions and Money Lenders Act of 2016, is responsible for overseeing and regulating Tier 4 microfinance institutions and money lenders in the country. UMRA has expressed ...

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