{{Short description|Bank of Rwanda}} {{Infobox company | name = LOLC Unguka Finance PLC | logo = | type = Private | foundation = 2005 | location = Kigali, Rwanda | key_people = Justin Kagishiro<br/>chief executive officer | industry = Banking | products = Loans, Electronic productss, savings, investments, mortgages, Remittances | revenue = {{profit}} Aftertax: US$387,000+ (RWF:230 million) (2010)<ref>{{cite web|url=http://www.microcapital.org/microcapital-brief-unguka-microfinance-of-rwanda-reports-58-profit-increase-to-384k/|archive-url=https://web.archive.org/web/20120406144137/http://www.microcapital.org/microcapital-brief-unguka-microfinance-of-rwanda-reports-58-profit-increase-to-384k/|url-status=usurped|archive-date=April 6, 2012|title=MICROCAPITAL BRIEF: Unguka Microfinance of Rwanda Reports 58% Profit Increase to $384k - MicroCapital|date=24 March 2011|publisher=}}</ref> | assets = | num_employees = 170 | homepage = {{URL |https://www.lolcunguka.com/ }} }}
'''LOLC Unguka Finance PLC''', commonly known as '''Unguka Bank''', is a microfinance institution in Rwanda. It is one of the MFI licensed by the National Bank of Rwanda, the country's banking regulator.<ref>{{cite web|url=http://www.bnr.rw/supervision/bankregister.aspx|title=List of Licensed Commercial Banks In Rwanda|url-status=dead|archiveurl=https://web.archive.org/web/20120512113114/http://www.bnr.rw/supervision/bankregister.aspx|archivedate=2012-05-12}}</ref>
==Overview== {{as of|June 2012}}, UBL was a small but growing financial service provider, whose total asset valuation and shareholders' equity were publicly unknown at this time. At that time, the bank had 556 shareholders and 14 branches.<ref name="auto">{{Cite news|url=http://allafrica.com/stories/201206200611.html|title=Rwanda: Unguka Licensed as a Bank, Plans Expansion|last=Rumanzi|first=Abraham|date=2012-06-20|work=The Independent (Kampala)|access-date=2017-08-30}}</ref>
==History== The institution was founded in 2005, as Unguka Microfinance Limited,<ref>{{cite web|url=http://microfinanceafrica.net/tag/unguka-microfinance/|title=UBL Founded In 2005|publisher=|access-date=2011-12-17|archive-date=2016-10-30|archive-url=https://web.archive.org/web/20161030180102/http://microfinanceafrica.net/tag/unguka-microfinance/|url-status=dead}}</ref> by 215 investors with total capital of about US$538,400 (RWF:321.1 million). In 2008, the bank's processes were automated.<ref>{{Cite web|title=UNGUKA BANK THE TRANSITION STORY|url=http://hope-mag.com/index.php?com=news&option=read&ca=7&a=385|access-date=2021-05-17|website=Hope Magazine|language=en}}</ref> In 2012, the institution transformed into a microfinance bank, following the issuance of a microfinance banking licence by the National Bank of Rwanda. The bank rebranded as Unguka Bank Limited.<ref>{{Cite news|url=http://allafrica.com/stories/201206220354.html|title=Rwanda: Unguka Bank Seeks Commercial Bank Status|date=2012-06-22|work=Rwanda Express (Kigali)|access-date=2017-08-30}}</ref>
==Ownership== The stock of Uguka Bank is privately owned by corporate and individual investors. At this time, the detailed shareholding in the bank is not publicly known. 35% shareholding is owned by Rural Impulse Fund II (RIF).<ref name="auto"/>
==See also== * List of banks in Rwanda * Economy of Rwanda
==References== {{reflist}}
==External links== * {{official website|http://www.bnr.rw/ }}
{{Economy of Rwanda}}
Category:Banks of Rwanda Category:Banks established in 2005 Category:2005 establishments in Rwanda Category:Organisations based in Kigali Category:Economy of Kigali