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    ABOUT DEVELOPMENT MICROFINANCE LIMITED

      HomeABOUT DEVELOPMENT MICROFINANCE LIMITED
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    About Development Microfinance Limited

    Economic Empowerment of Our Clients for A Positive Transformation

    Development Microfinance Limited (DMF) is a Company limited by shares. . It was founded in 2003 initially operating in Eastern Uganda to improve the livelihood of marginalized households and financially enabling them to turn economic opportunities into fortunes for economic and social empowerment. In pursuit of its vision, mission, founding objectives, and sustaining current achievements, DMF has prepared this business plan to guide the organization in the next five years. The plan was a result of strategic workshop for the Board of Directors, Management and staff. Over the years the DMF has continued to grow and develop as a dynamic and changing organization. Accordingly, this business plan is aimed at building on this momentum to accelerate growth, expand outreach and strengthen governance, management and controls. The company has built its own head office, expanded branch network to eight while sustaining year on year profitability.

    Target Market

    The company targets marginalized households engaged in micro, small and medium enterprises in rural and peri-urban areas of the Uganda. The clients are largely low income but active in various sectors including processing, commerce, services, agriculture, transport, building and construction. DMF does not have bias to gender, tribe or race.

    FOUNDING OBJECTIVES OF DMF

    • To develop small medium enterprises by providing credit services to micro entrepreneurs.
    • To establish and build capacity of a viable and sustainable micro finance institution through which credit services can be channeled.
    • To mobilize, educate and train masses in techniques of managing loans, project identification, establishment and management.
    • To act as an agency for government/ donors engaged in national development programs.