Yako Bank Uganda Limited is a privately held Tier II credit institution regulated by the Bank of Uganda. Established in 2010, the bank transitioned from a microfinance institution to a licensed credit institution in 2020, allowing it to offer savings accounts and various loan products, though it is not authorized to provide checking accounts or engage in foreign exchange transactions .

Overview

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  Headquarters: Forest Mall, Lugogo Bypass Road, Kampala, Uganda

  
  


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  Branches: Parliament Avenue (Raja Chambers), Forest Mall Lugogo, and Main Street in Jinja

  
  


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  Regulatory Status: Tier II Credit Institution licensed by the Bank of Uganda

  
  


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  Deposit Protection: Customer deposits are insured up to UGX 10 million by the Deposit Protection Fund of Uganda

  
  

History & Mission

Founded by Mrs. Vandana Dhariwal and Mr. Rajnish Jain, Yako Bank began as a microfinance entity and evolved into a Microfinance Deposit-Taking Institution (MDI) in 2015. In 2020, it was upgraded to a Tier II credit institution. The bank's mission is to provide affordable financial services through innovation and professional staff, aiming to be the most trusted financial institution in East Africa .

Products & Services

Accounts:

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  Regular Savings Account

  
  


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  Non-Individual Savings Account

  
  


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  Corporate Savings Account

  
  


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  Recurring Deposit Account

  
  


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  Fixed Deposit Account

  
  

Loan Products:

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  Housing and Corporate Housing Loans

  
  


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  Term and Corporate Term Loans

  
  


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  Vehicle Loans

  
  


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  Labour Export Loans

  
  


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  Salary Loans for Employees

  
  


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  Boda Loans

  
  


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  Tata Loans

  
  

Special Initiatives:

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  Agri-Business Loans in partnership with the Agricultural Credit Facility (ACF)

  
  


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  Collaboration with the Uganda Green Enterprise Finance Accelerator (UGEFA) to support green economy businesses

  
  

Digital & Customer Services

Yako Bank offers digital banking solutions, including Electronic Funds Transfer (EFT) systems for secure transactions. Customers can also pay utility bills (UMEME & NWSC) at branches and access Airtel Money float services. The bank provides debit cards powered by Interswitch for convenient cash withdrawals .

Contact Information

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  Website: www.yakobank.com

  
  


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  Email: info@yakobank.com

  
  


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  Phone: +256 414 251251 / +256 777 714069

  
  


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  Operating Hours: Monday–Friday: 8:30 AM–5:30 PM; Saturday: 9:00 AM–1:30 PM; Closed on Sundays and public holidays