In fact, the design of YSPs may provide the broker a financial incentive to offer a loan with a higher rate. Consumers who do not understand this point may not shop to their best advantage. Therefore, we would prohibit a lender, for both prime and subprime loans, from paying a broker an amount greater than the consumer agrees to in advance.
The Visa card will enable the customers of Orient Bank Limited to use their debit card worldwide at ATMs, Points of Sale terminals and Internet. The introduction of this product will therefore go a long way in reducing inherent risks associated with moving around with large sums of money in order to execute business transactions within Uganda and beyond the borders of Uganda.