For years, Uganda’s digital lending sector has expanded at breathtaking speed, but without the underlying visibility required to support responsible growth. Borrowers have increasingly turned to mobile money as their…
In this exclusive interview, Moses Akampurira, Digital Products Lead at Letshego Uganda, gives us a front-row seat into how this breakthrough is unfolding on the ground. Powered by real-time behavioural…
Looking back, 10 years ago, the whole concept of credit health was just beginning to take shape—banks were only starting to engage, and technology hadn’t really entered the scene yet….
In Uganda’s bustling and often chaotic last-mile credit markets, where boda-boda riders, gig workers, and micro-entrepreneurs hustle daily without collateral or formal financial records, a quiet revolution is reshaping how…
To start, I’d like to understand your personal background and education, and how these experiences have shaped your journey to where you are today. My name is David Opio Obwangamoi,…
Hardly two years after arriving in Uganda to take up her very first CEO role at Uganda’s largest telco, MTN Uganda, Sylvia Mulinge has emerged as Uganda’s most admired CEO, in the CEO East Africa Magazine’s inaugural 100 Leading & Most Admired CEOs In Uganda Survey. The 2-in-1 CEO East Africa Magazine’s Most Trusted and Respected Companies & The Most Admired CEOs in Uganda Survey 2024 is part of the magazine’s thought leadership agenda that seeks to create a body of knowledge on what exactly great companies and great leaders are made of, as well as recognise them. “This, we…
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To expand financial inclusion and extend much-needed credit to the financially underserved, Airtel Mobile Commerce Uganda Limited (Airtel Money) and Letshego Uganda have launched LetsGo Pesa digital loans. The unsecured microcredit facility that offers digital loans of between UGX20,ooo to UGX700,000 is made possible by gnuGrid CRB’s Mobile Credit Score. Launched in January this year, the gnuGrid CRB’s Mobile Credit Score, unlike the traditional and more conservative credit scoring system, relies on over 400 alternative data points, such as client mobile financial behaviour, to create a more comprehensive and inclusive credit score that assesses both the ability and willingness to…
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Children’s Rights and Violence Prevention Fund (CRVPF), and gnuGrid CRB, in partnership with the Mastercard Foundation, have extended their partnership for the Empowering Youth Through Data and Community Development (EYDCD) program. The EYDCD program will provide market-relevant skills, business development resources, and digital financial inclusion to empower young people. Building on the success of the Youth and Capacity Development (YCD) program (2020-2023), this expanded effort aims to reach 400,000 young people in Uganda (70% female) and create 250,000 dignified and fulfilling employment opportunities by 2028. The YCD program, implemented by CRVPF and in partnership with the Mastercard Foundation, reached 187,000…
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The Bank of Uganda has applauded the recent launch of gnuGrid CRB’s Mobile Credit Score as “a momentous occasion in the credit information sharing space” and a “pivotal moment in the financial sector, and specifically in the credit information, sharing space”. The game-changing Mobile Credit Score relies on over 400 alternative data points supplied my mobile phone companies such as client mobile financial behaviour as well as transaction volumes and frequency to create a more comprehensive and inclusive credit score for especially the financially underserved and unserved who only rely on mobile money borrowing. The Mobile Credit Score is the…
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Moses Ogwapus, the Commissioner of Financial Services, Ministry Of Finance, Planning And Economic Development has hailed gnuGrid and Airtel Mobile Commerce Uganda Limited’s Mobile Credit Score as an “innovative mobile credit scoring system” and a “paradigm shift” that would revolutionise financial services to the underserved segments of the population, especially the women and youth. Mr. Ogwapus whose department oversees policy and regulation of the entire financial services sector in Uganda⏤ banking, microfinance, digital financial services, capital markets, insurance and retirement benefits, was speaking at the launch of the service on January 24th, 2024, at the Kampala Serena Hotel. “The…
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