FINCA Uganda awards 11 scholarships

Date: 9th March 2018

For immediate release!

Scholarship Award -Press Release

FINCA UGANDA Awards Education Scholarships to 11 students.

Today, 9th March 2018, FINCA Uganda has awarded Scholarships to 11 students who exhibited the need for financial assistance through a competitive application process which lasted for 30 days.

The FINCA Uganda education scholarship programme targeted children of underprivileged clients at the tertiary level of education and was officially announced by the Board Chairman, Mr. James Semakadde on 19th January 2018. The announcement was followed by a call to all FINCA Uganda customers to pick or download application forms, fill and submit by 17th February 2018. A number of media channels both national and regional including Print, Radio, TV, Social media and the website was used to disseminate information regarding the application process.

In total, about 500 applications were received across all the regions of Uganda. The vetting process which lasted for 2 weeks was executed in 4 phases by an independent committee of professional consultants. The final phase included visiting all the homes of the 14 applicants (who had made it to the semifinal stage) to further ascertain the magnitude of the need for assistance, after which only 11 applications were recommended for the scholarships.

While awarding the scholarships at their Head Offices along Acacia Avenue in Kololo, Kampala this morning, the FINCA Uganda Board Chairman, Mr. James Semakadde expressed his gratitude to FINCA Uganda for fulfilling their promise and truly living their mission which is to improve standards of living of the people through financial and social services such as this scholarship scheme. He further challenged the beneficiaries to exploit such a golden opportunity by committing time and energy to their studies so that they can become useful people to their families, community and the country at large; in future.

At the same time, the FINCA Uganda Managing Director, Mr. James Onyutta congratulated the winners and thanked their parents for choosing FINCA as their financial services partner. He also expressed the company’s deliberate effort of putting their clients’ needs first, hence creating brighter futures for all the stakeholders.

About FINCA Uganda (MDI)

FINCA Uganda is the first Microfinance Deposit taking Institution (MDI) to be licensed by the Bank of Uganda in 2004 to offer life-changing financial solutions which include: Savings, Loans and Money Transfers. Having started operations in 1992, currently FINCA Uganda has a network of 27 branches that are well spread across the country.

FINCA Uganda is also part of the FINCA Impact Finance Network, a group of 20 microfinance and financial institutions that provides socially responsible financial services and enables low-income entrepreneurs and small business owners to invest in the future. For more information visit:

About FINCA Impact Finance

FINCA Impact Finance is a network of 20 microfinance institutions and banks that provides socially responsible financial services and enables low-income individuals and communities to invest in the future. For more information, visit:

For more information about this Press Release, contact: Simon Ahimbisibwe via: E-mail: or Mob. 0776650096.



FINCA Uganda Ltd (MDI) is a Microfinance Deposit Taking Institution regulated by Bank of Uganda under the MDI Act 2003.
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