Urwego Opportunity Bank
| Private Eye | |
| Industry | Financial Services |
| Founded | 2007 |
| Headquarters | Kigali, Rwanda |
Key people | Germaine Mukamusana, Ag. Chief Executive Officer[1] |
| Products | Loans, Savings, Investments Remittances |
| Total assets | RWF19 billion (2015)[2] |
Number of employees | 378[3] |
| Website | Homepage |
Urwego Opportunity Bank (Urwego), is a microfinance bank in Rwanda. The bank is one of the commercial banks licensed by the National Bank of Rwanda, the national banking regulator.[4] Established in 1997 as a purely Microfinance Institution (MFI) that was mostly popular among women at the time, Urwego Opportunity Bank is definitely Rwanda’s bank for all
History
Urwego Opportunity Bank of Rwanda, SA (Urwego), was created in July 2007, as a result of a merger between Urwego Community Banking SA (Urwego), and Opportunity International Bank of Rwanda SA (OIBR). Urwego, founded by World Relief Rwanda in 1997, was a leading microfinance institution (MFI) in Rwanda. Since 2004 Urwego had been operating as an independent and regulated MFI in the country with branches in Kigali and in the provinces. OIBR was established by Opportunity International, an international microfinance network dedicated to the development of transformational, commercial microfinance banks in developing countries.[5]
Overview
The bank is a licensed microfinance bank, operated along Christian principles, with services aimed at improving the economic, social and spiritual conditions of the communities that the bank serves. The bank focuses on serving Rwandans who are economically active but under banked. Services offered by Urwego include deposit accounts, savings accounts, individual loans, Trust Group Loans, village phone loans, home improvement loans, bicycle loans and school tuition loans. The bank also offers insurance services, business training and HIV/AIDS training.[6]
Ownership
According to the bank's website, the following corporate entities are shareholders in the bank. [7]
| Rank | Name of Owner | Percentage Ownership | |||
|---|---|---|---|---|---|
| 1 | Hope International | 49% | |||
| 2 | Opportunity International | 49% | |||
| 3 | Opportunity International Deutschland | 1% | |||
| 4 | World Relief | 1% | Total | 100.00 | |
Branch Network
As of April 2016, Urwego has eighteen fully functioning branches, seven of which, including the bank's headquarters, are located in the city of Kigali, Rwanda's capital. The other eleven full-service branches are located in the provinces. In addition to this, the bank has twenty-five other credit offices in various Rwandan districts. The full-service branches of the bank are located in the following locations:[8]
- Main Branch - KN 5 Remera (Umuyenzi Plaza Kisementi), Airport road, Kigali
- Kimironko Branch - Kimironko,, Kigali Kimironko KG 2 ST, Kigali
- Nyarugenge Branch - Nyarugenge Plot 1230, Avenue de la Paix, Kigali
- Kicukiro Branch - Kicukiro KK 494 ST , Kigali
- Nyabugogo Branch - Kigali
- Kigali City Market- Nyarugenge
- Gisozi Branch - KG 697 Samantha house, Kigali
- Muhanga Branch - Muhanga Plot 188, Muhanga District
- Rwamagana Branch - Rwamagana District
- Bugesera Branch - Bugesera District.
- Musanze District - Musanze District[9]
- Nyamata Branch- Bugesera plaza, airport Road. Bugesera District
- HUYE Branch- Huye Market, Ground Floor. Huye District
- Musanze Branch- Musanze district
- Gicumbi Branch- Gicumbi District
- Ngoma branch- Ngoma District
- Rubavu branch- Rubavu District
- Rusizi branch - Rusizi District
See also
References
- ↑ Germaine Mukamusana is the Ag.CEO of Urwego
- ↑ Total Assets As of December 2012
- ↑ html Urwego Employees 378 People as of April 2016]
- ↑ List of Licensed Banks In Rwanda
- ↑ History of Urwego Opportunity Bank
- ↑ Overview of Urwego Opportunity Bank
- ↑ Shareholders of Urwego Opportunity Bank
- ↑ The Branch Network of UOB
- ↑ Musanze Branch Is Eighth Branch of UOB
External links
- Urwego Opportunity Bank Website
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