Police in the Buikwe district of Uganda recently arrested six employees of Moskal Enterprises Uganda Limited, a moneylending firm based in the Luwero district, for impersonating staff of the Uganda Microfinance Regulatory Authority (UMRA). Some of the individuals were traveling in a vehicle marked with UMRA’s logo at the time of their arrest.
UMRA had received complaints that people were “extorting money from [microfinance] lenders to process operating licenses for them.” In addition to charges for impersonating government officials, the suspects face punishment for operating a moneylending business without a license.
By Arin Atluri, Research Associate
Sources and Additional Resources
The Independent article
https://www.independent.co.ug/six-money-lenders-arrested-in-buikwe-for-impersonating-microfinance-staff/
More MicroCapital news on Uganda
https://www.microcapital.org/?s=uganda
Uganda Ministry of Finance UMRA page
https://www.finance.go.ug/content/uganda-microfinance-regulatory-authority
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