Guides for borrowers
How recommendation works, how to read a loan agreement, what the interest cap means and how to spot a fake lender.
How lending by recommendation works
Who can recommend you, what they are asked, how staff check it and what a recommendation does not mean.
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How to read a loan agreement before you sign
Six things to find in any loan agreement, and what to ask when something is unclear.
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The 2.8% a month interest cap, explained
What the legal ceiling on money lender interest means in shillings, and how to check a quote against it.
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How to avoid loan scams and fake lenders
Warning signs of a fraudulent lender, and how to check that a message really comes from Goodname Finance.
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Understanding your first salary loan
What a salary loan costs, how it is repaid and what to confirm before you accept one.
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How a group loan works
Joint liability, the group limit and why the money is paid into the group's own account.
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Who regulates money lenders in Uganda
What UMRA does, how a money lender differs from a bank and what to check before you borrow.
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