Community Microfinance Limited (CML) is a Ugandan private limited company that was incorporated in October 2009. The idea of starting the Company was initiated by Moses Nsereko Kayongo, who was later joined by five other directors. The establishment of the company was sparked off by the realization that, despite the current range of financial institutions operating in Uganda, the outreach of microfinance in the country remains low. Accordingly, CML acquired a money lenders license which, by law grants it the powers to carry on the business of lending anywhere in Uganda.
Company Location and Facilities
CML currently operates from rented premises in Nansana Town Council, Wakiso District, which is a strategically-located Commercial township on Kampala-Hoima Road. The company plans to acquire its own premises in the long run, and equip it with the basic facilities for running a microfinance institution.
Vision and Mission
Vision
The vision of CML is “To be the preferred world-class microfinance institution.”
Mission
The mission of CML is “To provide efficient, affordable, innovative and sustainable, customer-focused financial services to the underserved communities in Uganda.” Core Values
CML– upholds the following core values:
Facilitator of Excellence
Impartiality and Non-Discrimination
Responsibility
Accountability
Professional Leadership