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Hope Ekudu Quotes

Hope Ekudu is a Ugandan statistician, bank manager and business administrator. She served as the chief operating officer of DFCU Bank, since August 2020 until April 2023.

Random Hope Ekudu quote

25 quotes

Customers may actually want to pay back their loans early so as to remove this ‘burden’ on their revenues.

The need to show that there will be a sustainable source of income after the holiday period.

The Bank understands that customers may have been affected differently by this crisis and may have unique needs.

In order to show the impact, there is need to show through a narrative or documentation.

This is an indication that as mobile penetration continues to increase, digital loans will only become prevalent.

It is necessary to do a proper analysis of the business to determine the best period for the holiday taking into account.

The customer will need to agree to the new terms before changes are complete.

The process of evaluation and approval will take an average of 1week.

Is a fintech breaking down these barriers by offering financial services to anyone with an Airtel Money account, regardless of location.

The loan will also be extended by the period of the holiday.

All loan information is submitted to the Credit Reference Bureau and customers are rated according to performance on their loan obligations.

Depending on the impact of the crisis, a customer may apply for a repayment holiday between 1 to 12 months effective 1st April 2020.

Normally a restructure would affect the customer’s credit rating negatively however for this period that is between 1st April 2020 and 1st April 2021.

As more Ugandans become digitally literate and mobilesavvy, digital loans will continue to revolutionize financial inclusion.

All customers who have been affected by the Covid-19 Pandemic are eligible for restructures and holidays on a case by case basis.

The delayed installments including interest will be added back to their loans and installments will start again. *This will mean that there may be a slight change in the installment amount paid.

If a customer is granted a holiday for example for 3 months, they will not pay their installment for those months however at the end of the 3 months.

If a restructure or moratorium is granted, the customer’s records within the credit reference bureau will not be affected in line with guidance from Bank of Uganda.

The demand for digital loans is expected to grow, driven by the convenience and speed that they offer while evolving to offer more personalized and flexible financial services.

This partnership will also allow Stabex customers making cashless payments to enter a draw for a chance to win exciting prizes in our ongoing nationwide Vroomula Amajja campaign.

Attribution

Quotes and notes from Wikiquote: Hope Ekudu (page history), available under CC BY-SA 4.0.