Board Of Directors
Chairperson - PASCHAL Mandhawun
Paschal is a founding member of the Company. Paschal holds a Bachelor of Education Degree (B.ED) and Master of Business Administration (MBA). Paschal’s experience in microfinance, management and social work spans over 16 years.
Before joining ENCOT as a full time CEO, Paschal held various portfolios in a number of local and international community development organizations.
He previously worked with FINCA Uganda (MDI) Ltd, World Vision International and VEDCO where he worked in an array of roles which included; Human Resources Management, Administration and Credit/loans Management.
Vice Chairman - DANIEL H. Sentumbwe
Daniel holds a Bachelor’s of Science in Agriculture, a Master of Science in Agribusiness both of Makerere University, Masters in ICT4 from Nexus University in Uganda. Daniel’s experience in financial services provision for the poor spans over a period of 33 years.
Since October 1991, Daniel worked in commercial Banks, MFIs, Saccos and Wholesale lenders thus becoming a seasoned banker, microfinance specialist, Cooperative development specialist, agribusiness consultant, Digital finance specialist. Works as independent Microfinance Consultant supporting an array of Microfinance Institutions, Banks, Cooperatives, Wholesalers, Agriculture Cooperative Enterprises (ACEs) and Microfinance Donors in the region.
Previously, Daniel worked as an Institutional Analyst with Stromme Microfinance East Africa Limited a subsidiary of Stromme Foundation, Norway. He also worked with SUFFICE and Centenary Bank in various portfolios. As an accomplished institutional and business development expert/consultant, Daniel holds leadership and governance roles in various accredited financial institutions in Uganda. Currently, Daniel is the General Manager of CBS PEWOSA Sacco operating in the Buganda Kingdom.
Executive Director - MORIS Ngabitho
Moris is a Co-founder and Director in charge of Strategy and business analysis. He holds a Bachelor of Arts in Economics of Makerere University Business School and a Master of Business Administration of Gulu University. He has previously worked as Executive Director at UNASGO, General Manager of Kinyara Sugar Cane Growers Limited and Zonal Project Supervisor at Uganda Cooperative Alliance.
Director - SAMUEL Okurapa
Samuel is a seasoned Chartered Accountant and Auditor with over 20 years of experience. He is the Chairperson of the Board Audit Committee - Encot Microfinance Ltd. Samuel is a Fellow of the Association of Chartered Certified Accountants (FCCA) of UK, a graduate member of the Global Institute of Internal Auditors based in Florida (USA) and also a member of the Institute of Certified Public Accountants of Uganda - ICPA(U) and Rwanda - ICPA(R).
His qualifications include certifications as a Certified Financial Services Auditor (CFSA), Certified Internal Auditor (CIA), Certified Public Accountant (CPA) and ACCA (Association of Chartered Certified Accountants)
He is a partner at PM Associates Certified Public Accountants and has previously taken up senior roles in reputable institutions such as Sonarwa General Insurance Company Rwanda-Kigali where, since July 2015 to June 2018, he served as Chief Internal Auditor, then Chief Finance Officer (CFO) and eventually acting Chief Executive Officer.
He has also served as Head of Internal Audit at Cairo International Bank (2010-2015), Chief Internal Auditor at Nilecom/Celcom, an MTN Franchise in Uganda (2007-2009), Audit Manager, then Senior Auditor at Jim Roberts Certified Public Accountants – Uganda Kampala (January 2003-December 2006), Senior Auditor, Chief Finance Officer at Afrique Voyages Ltd-Uganda-Kampala (2000-2002) and Audit Assistant at Bizconsult Certified Public Accountants-Uganda Kampala (Sept 1998-Oct 2000). His vast audit and management experience in Banking has been very crucial to ENCOT as a young institution.
Director - RACHEAL Kobugabe
Racheal, is a financial inclusion and Business Development professional with thirteen (13) years of experience, gathered from working in the financial services industry across government, the private sector and International Non- governmental organizations. She has worked as a Financial and Credit analyst, Business Development service provider and trainer, Researcher and a Systems Administrator.
Throughout her career, she has supported Cooperatives, Microfinance Institutions, Self-help groups and SMEs. Outside her employment, she has had opportunities to consult for the World Bank and IFAD, serve on the Board of ENCOT Microfinance and Fort Portal Secondary School as a Non-Executive Board Member as well as serve in several positions in the Rotary Club.
Her qualifications include a Bachelor of Management Science from Kyambogo University, a Postgraduate Diploma in Financial Management from the Uganda Management Institute, a Postgraduate Diploma in Islamic Finance from the Chartered Institute of Management Accountants (CIMA) , Certified Digital Finance Practitioner (Certificate in Digital Money, Certificate in Leading Digital Money Markets, and Gender in Digital Financial Services) from the Digital Frontiers Institute -South Africa, and she is currently pursuing an MBA at the Uganda Management Institute, (Kampala, Uganda).
Racheal is currently the Team Leader- Financial Inclusion/ Director of Mindfire international Ltd, (December 2023- to date). Prior to this, she was the Senior Institutional Development Officer at The Microfinance Support Center Ltd (MSC) (January 2021- 2023), Business Development Officer at The Microfinance Support Center Ltd (April 2016- December 2020), Finance Officer (Masaka and Kampala Zones ) at The Microfinance Support Center Ltd (April 2010- April 2016).
Director - CATHERINE Atuhairwe
Catherine has experience spanning over a decade in the financial services industry. She holds a Bachelor of Commerce and a Master of Business Administration (Accounting & Finance) from Makerere University Business School.
She is a Certified Public Accountant (CPA) having attained her certification from the Institute of Certified Public Accountants of Uganda - ICPA(U).
Since September 2017, Catherine has been serving as the Chief Finance Officer at Engineering Solutions (U) Limited. Her prior roles include Finance Manager at Bank of India (U) Ltd from January,2014 to September,2017 and Financial Reporting Accountant at Global Trust Bank from October,2010 to December,2013.
Director - JOSEPHINE Nakkomo Mukumbya
Josephine has over 28 years of working experience and has had the opportunity to work for both the Corporate and Developmental finance worlds, which has enabled her to appreciate the concerns and needs on both sides. In this position, she has developed networks from both fields in support of private sector agribusiness development.
She also has directorship experience, particularly in the financial services sector, agribusiness and gender development as well Advisory Committee experience with the NUTEC DFID project. She holds a Bachelor of Commerce- Finance from Makerere University (Uganda), Certified Diploma in Accounting & Finance from Association of Certified Chartered Accountants (UK), Masters in Banking & Finance for Development from Giordano Dell’ Amore Foundation (Italy), Board Competence - Oslo and Akershus University College of Applied Science, and Associate Certified Coach (ACC) from the International Coaching Federation (US).
Josephine is currently the Executive Director of the Agribusiness Development Center (August 2021 – to date), which was set up to train Farmer Based Organizations and SMEs in Agribusiness, in a bid to offer marketing and financial services linkages for their growth and sustainability.
Prior to this, she was the Chief Executive Officer of aBi Development (July 2018 – August 2021), Chief Operating Officer of aBi Finance Limited (May 2010 – June 2018), Chief Credit Officer of United Bank for Africa (U) Ltd (June 2008- February 2010), Financial Services Advisor in Economic Development team at SNV Uganda (February 2007- May 2008), Executive Director, Business Development at Nile Bank Limited, prior to which she managed the Credit function of the Bank (January 2001- Dec 2006), Finance Officer at Uganda Development Bank Restructuring Management Team as well as Allied Bank as a Banking Officer where she had a good introduction to Banking and an opportunity to handle most of the functions in a typical traditional Branch up to heading the Treasury function (1993-1999).