Opportunity Uganda Limited

Opportunity Bank Uganda Limited
Type	Private
Industry	Financial Services
Founded	1995
Headquarters	7A John Babiiha Avenue Kololo, Kampala, Uganda
Key people	André Lalumière, CEO
Products	Loans, Savings, ATM, mobile banking
Revenue	Aftertax:233,200 (2011)
Total assets	US$19.9 million (2012)^[1]
Employees	302 (2012)
Website	[1]

Opportunity Bank Uganda Limited (OBUL), is a credit institution (Tier II Financial Institution) in Uganda. In November 2011, the institution rebranded as Opportunity Bank Uganda.

1 Location
2 Overview
3 History
4 Ownership
5 Branch Network
6 See also
7 External links
8 References

Location

The head offices of Opportunity Bank Uganda Limited are located at 7 Babiiha Avenue, on Kololo Hill, an upscale business and residential neighborhood, within the city of Kampala, Uganda's capital.^[2] The coordinates of the company headquarters are:00 19 48N, 32 35 13E (Latitude:0.3300; Longitude:32.5980).

Overview

Opportunity Bank Uganda Limited is a Tier II Financial Institution (MFI). It is not authorized to offer checking accounts or deal in foreign exchange. The company is authorized to take in customer deposits and to establish savings accounts. It is also authorized make collateralized and non-collateralized loans to savings and non savings customers. The company is a wholly owned subsidiary of Opportunity International and is a member of their network. They specialize in lending to the poorest of the working poor. As of December 2011^[update], the institution's total assets were in excess of US$19.9 million, with shareholder's equity of approximately US$8.9 million.^[3]

History

This microfinance institution was licensed in 1995 and began operations in 1996 as FAULU Uganda, a programme of Food for the Hungry International, an NGO. In July 1999, Faulu Uganda incorporated as a limited liability company in Uganda, becoming FAULU Uganda Limited. Under that name, the company became part of the FAULU network in Uganda and Kenya.^[4]

In 2006, Opportunity Transformation Investments and Opportunity International Australia, each purchased a 31.5% stake in FAULU Uganda Limited, giving Opportunity International a combined majority stake of 63% in the fourth largest microfinance institution in Uganda.^[5] In December 2009, Opportunity bought the remaining shares of FAULU Uganda, thereby taking outright ownership of the company. The financial institution was renamed Opportunity Uganda Limited.^[6] In November 2011, the institution rebranded to Opportunity Bank Uganda.^[7]

Ownership

The company is 100% owned by Opportunity International network through four different entities, as of December 2012.

Branch Network

The branch network of Opportunity Uganda Limited includes the following locations: ^[8]

Main Branch - Babiiha Avenue, Kololo, Kampala
Kawempe Branch - Kawempe, Kampala^[9]
Owino Market Branch - Nakivubo Road, Kampala
Nateete Branch - Nateete, Kampala
Kira Road Branch - Kira Road, Kamwokya, Kampala
Jinja Branch - Jinja
Iganga Branch - Iganga
Mbarara Branch - Mbarara
Masaka Branch - Masaka
Kalagi Branch - Kalagi, Mukono District
Mubende Branch - Mubende
Mayuge Branch - Mayuge
Nansana Branch - Nansana, Wakiso District

External links

Opportunity International Buys 100% FAULU Uganda
Total Loan Portfolio US$6.06 Million in 2008
Opportunity International Partners in Africa
Opportunity Uganda Limited Rebrands To Opportunity Bank

References

v t e Kampala District

Capital: Kampala

Divisions	Kampala Central Division Kawempe Division Lubaga Division Makindye Division Nakawa Division

Neighborhoods	Bugoloobi Bukoto Busega Butabika Bwaise Ggaba Kabalagala Kamwookya Kansanga Kaleerwe Kanyanya Kasubi Katwe Kawaala Kawempe Kibuli Kibuye Kigoowa Kikaaya Kisaasi Kiwaatule Kulambiro Kololo Kyambogo Kyebando Lubaga Lungujja Luzira Makerere Makindye Mbuya Mengo Mpererwe Mulago Munyonyo Mutundwe Muyenga Naakulabye Naguru Najjanankumbi Nakasero Nakawa Namirembe Namungoona Namuwongo Nateete Ndeeba Nsambya Ntinda Old Kampala Port Bell Wandegeya

Economy	Air Uganda Aya Group Quality Chemical Industries Limited Mukwano Group Ruparelia Group Bank of Uganda ABC Capital Bank Barclays Bank Bank of Africa Bank of Baroda Bank of India (Uganda) DFCU Group Cairo International Bank Centenary Bank Citibank Crane Bank DFCU Bank Diamond Trust Bank Ecobank Equity Bank Fina Bank Global Trust Bank Housing Finance Bank Imperial Bank Uganda Kenya Commercial Bank National Bank of Commerce NC Bank Uganda Orient Bank PostBank Uganda Stanbic Bank Standard Chartered Bank Tropical Bank United Bank for Africa East African Development Bank Uganda Development Bank National Housing and Construction Company Uganda Air Cargo International Medical Group National Social Security Fund Umeme Uganda Securities Exchange Uganda Investment Authority Capital Markets Authority The Monitor New Vision New Vision Group Uganda Telecom Mercantile Credit Bank Pride Microfinance Limited Uganda Finance Trust Limited Opportunity Uganda Limited Kyagalanyi Coffee Limited FINCA Uganda Limited UGAFODE Microfinance Limited

Notable landmarks	Bulange Uganda Parliament Buildings Butabika National Referral Hospital Mulago National Referral Hospital Nsambya Hospital Rubaga Hospital Mengo Hospital Naguru General Hospital International Hospital Kampala Kibuli Hospital Kampala Capital City Authority Complex Kampala Serena Hotel Hotel Africana Kampala Sheraton Hotel Imperial Hotels Group Imperial Royale Hotel Grand Imperial Hotel Hotel Equatoria Kampala Hilton Hotel Kampala Intercontinental Hotel Kampala Speke Hotel Mapeera House Movement House East African Development Bank Building Bank of Uganda Building Complex Mengo Palace St. Paul's Cathedral Namirembe St. Mary's Cathedral Lubaga Makerere University Main Campus Kampala Tower Kibuli Mosque Old Kampala Mosque Kampala Airport Uganda Museum Uganda National Cultural Centre Kampala Northern Bypass Highway Kampala-Jinja Highway Kasubi Tombs Roman Catholic Archdiocese of Kampala DFCU House Pension Towers

Education	Makerere University Makerere University Business School Kampala International University Kampala International School Kampala University Kyambogo University Law Development Centre International Health Sciences University International University of East Africa Makerere College School Rubaga Community School Saint Lawrence University Uganda Management Institute Cavendish University Uganda Victoria University Uganda Uganda Martyrs University School of Medicine

Notable people	Apolo Nsibambi Nasser Ntege Sebaggala David Serwadda Fred Ruhindi John Ssebaana Kizito Bulaimu Muwanga Kibirige Erias Lukwago Dr. Ian Clarke Jennifer Musisi Maria Kiwanuka Laurence Sematimba Joseph Kizito Justinian Tamusuza Robert Ssejjemba Eugene Sseppuya Phillip Ssozi Sudhir Ruparelia Wasswa Serwanga Yusef Sozi Derrick Sebagala Margaret Zziwa

Coordinates: 00°19′48″N 32°35′13″E / 0.33000°N 32.58694°E / 0.33000; 32.58694

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Opportunity Uganda Limited