Minister Warns as Money Lenders Launch Association
Microfinance minister Haruna Kyeyune Kasolo has warned money lenders against cheating Ugandans.
Kasolo was chief guest at the launch of the Uganda Money Lenders Association at Hotel Africana in Kampala.
MONEY LENDERS LAW
“Currently we have a new law which is going to regulate money lenders in the country,” said Kasolo.
On her part, Kampala Resident City Commissioner Deborah Mbabazi was optimistic the association would keep money lenders in check.
“Most banks have high interest rates which has forced many people to run to money lenders for quick cash, so this Association I think will help to address the issue of those who cheat their clients,” said Mbabazi.