MICROCAPITAL STORY: Uganda Microfinance Ltd. (UML) Releases Micro Leasing Financial Product

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Tuesday, July 10, 2007

MICROCAPITAL STORY: Uganda Microfinance Ltd. (UML) Releases Micro Leasing Financial Product

» Posted by in Category: Africa at 1:57 pm

Microfinance institution Uganda Microfinance Ltd. (UML) has added micro leases to its list of offered financial services. The micro leases will provide UML customers access to automobiles and machinery. Distinct from leases offered by commercial banks, micro-leases are collateral-free; the only means of collateral is the asset borrowed by a microfinance client.

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