📜 Terms & Conditions

These Terms and Conditions govern the use of FBA Microfinance Ltd’s services, website, loan products, savings, and investment offerings. By accessing our services, you agree to be bound by these Terms.

1. About FBA Microfinance Ltd

FBA Microfinance Ltd was founded in 2019 to provide safe, accessible financial solutions, including affordable credit facilities, low-risk investment options, and financial literacy support. Our goal is to positively impact the financial lives of individuals and communities through a transparent and non-bureaucratic approach.

2. Eligibility

To access our products and services, you must:

  • Be 18 years of age or older

  • Be a fully registered member of FBA Microfinance Ltd

  • Provide accurate and complete personal and financial information

  • Maintain an active savings account with the institution

  • Comply with all applicable laws and regulations

FBA Microfinance Ltd reserves the right to decline any application that does not meet eligibility requirements.

3. Loan Products & Conditions

a) Loan Approval

  • All loans are subject to appraisal, credit assessment, and approval.

  • Loan amounts are determined based on the savings-to-loan ratio, credit history, income stability, and collateral where applicable.

  • Approval is not guaranteed and may include conditions.

b) Loan Repayment

  • Borrowers must repay loans according to the agreed repayment schedule.

  • Late or missed payments may attract penalties as defined in the loan agreement.

  • Persistent default may result in recovery actions in accordance with the law.

c) Group & Individual Loans

  • Group loan members share collective responsibility.

  • Individual loans are assessed based on personal financial capacity.

4. Savings & Investments

  • Savings and investments form the basis for loan eligibility.

  • Investment funds may be utilized as loan capital while serving as collateral.

  • Returns, access to funds, and terms vary depending on the investment product.

  • FBA Microfinance Ltd does not guarantee profits but strives to manage risks prudently.

5. Member Responsibilities

Members agree to:

  • Provide truthful and accurate information

  • Maintain required savings balances

  • Use loans for the stated purpose

  • Comply with repayment obligations

  • Notify FBA Microfinance Ltd of any material changes affecting repayment

Failure to meet responsibilities may result in suspension or termination of services.

6. Fees & Charges

  • All applicable fees, interest rates, and charges will be disclosed before loan acceptance.

  • Fees may change from time to time with prior notice to members.

  • No hidden charges are applied beyond what is communicated.

7. Use of Website

By using our website, you agree not to:

  • Misuse or interfere with site functionality

  • Submit false or misleading information

  • Attempt unauthorized access to systems or data

Content on this website is for informational purposes and may be updated without notice.

8. Limitation of Liability

FBA Microfinance Ltd shall not be liable for:

  • Losses resulting from incorrect information provided by members

  • Delays caused by circumstances beyond our control

  • Indirect or consequential damages

All financial decisions remain the responsibility of the member.

9. Termination of Services

FBA Microfinance Ltd reserves the right to suspend or terminate services if:

  • Terms and conditions are breached

  • Fraud or misrepresentation is detected

  • Legal or regulatory obligations require such action

10. Amendments

These Terms & Conditions may be updated periodically. Continued use of our services constitutes acceptance of the revised terms.

11. Governing Law

These Terms & Conditions shall be governed by and interpreted in accordance with the laws of Uganda.

12. Contact Information

For questions or clarification regarding these Terms & Conditions, contact:
FBA Microfinance Ltd
📧 Email: fbamicrofinance@gmail.com
📞 Phone: +256 704 369315, +256 (0)777-135455
📍 Address: FBA MICROFINANCE LTD P.O.BOX 147134 KAMPALA KITEEZI TRADING CENTER KABAGA ROAD. MUGONANA OPPOSITE KITEEZI MOSQUE TEL: +256 (0)704-359315 +256 (0)777-135455