The Deputy Registrar General, Mr. Alex Anganya, has commended the progress made under the Security Interest in Movable Property Registry System (SIMPO), noting its growing impact on access to credit and business growth in Uganda. He made the remarks during the SIMPO Users Meeting, held on Wednesday, 29th October, at the Uganda Business Facilitation Centre,…
The Uganda Registration Services Bureau (URSB) successfully held a SIMPO Users Meeting bringing together over 140 participants including Banks, Money lenders, SACCO’s, Non Deposit Taking Institutions and Law Firms that file as representatives for other institutions. The engagement aimed to deepen collaboration, share updates on the SIMPO system upgrade, and explore new developments designed to…
SIMPO is the Security Interest in Movable Property Registry System, managed by URSB. It allows lenders to record security interests in movable property used as collateral.
What Is a Security Interest?
If someone takes a loan and uses their car, machinery, livestock, or equipment as security, the lender can register that claim in SIMPO. This…
