UNGUKA BANK

Unguka Bank Limited is a microfinance bank, created on 30th January 2005 as a microfinance institution, it is a society limited by shares that resulted from a handshake of 214 shareholders who started with a capital of 321 100 000 Rfws represented by 3 211 shares of 100 000 Rwf each one. Starting with only two branches (Remera and Nyabugogo) and the head office at Nyabugogo which shifted to Remera one year later in 2006 and in centre town in August 2011, it was authorised to operate on a temporary basis on 4th August 2005. During the microfinance crisis of June 2006 in Rwanda which resulted for a bankruptcy of 9 big MFIs, Unguka Bank Ltd was authorized to open two more branches, Musanze and Rubavu in the Northern and Western provinces respectively; and authorized to operate on a definitive basis. On 6th April, 2011, the board of directors of the National Bank of Rwanda issued a license of Microfinance Bank. For now the transformation from IMF-UNGUKA S.A in Unguka Bank Ltd has been a reality. In January 2008, UB opened two more branches at Kora and Nyarugenge, in the western province and Kigali city respectively. In August 2009; it opened one more branch in Mukamira, Nyabihu Districk and in February 2010, one more branch in Mahoko, Rubavu District both in western province. In April 2011, Unguka Bank Limited opened four more branches which are: Muhanga in Muhanga District, Ngororero in Ngororero District, Kabaya in Ngororero District and Gakenke in Gakenke District respectively, in Southern, Western and Northern Province. In October 2012, UNGUKA BANK Ltd opened 6 more branches among of them we have: Base in Rurindo District, Burera in Burera District,Kinigi in Musanze District, Kamonyi in Kamonyi district, Ruhango and Kinazi both in Ruhango District respectively in North and South Province, thus making a total of fully operating heighten branches and two outlets at Kigali city Market in Nyarugenge district and Kimironko in Gasabo district . In a bid to diversify our products, we have subscribed for money transfer product through western union, Mobile money and we provide the service of foreign exchange through forex bureau. The general assembly of March 23, 2008 raised the capital to 1 766 600 000 Rfws, more than 5.5 times the initial capital in a period of only three years. In April, 2012; UNGUKA BANK Ltd received a strategic investor who is RURAL IMPULSE FUND II from LUXEMBOURG managed by INCOFIN a Belgian company with 1 billion as share capital and 0.5 billion as share premium. With the incorporation of the retained earnings the share capital was raised up to 2.8 Rwandan billions. In order to receive the strategic investor the former shareholders of UNGUKA Bank Ltd decided to be organized within one umbrella"UNGUKA INVESTMENT GROUP LTD" in order to put together their efforts and have one voice and which will be a holding company investing in other areas.