• SECURITY INTEREST IN MOVABLE PROPERTY REGISTRY SYSTEM
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User Guide

Ms. Mercy K. Kainobwisho / Registrar General

Welcome to the Security Interest in Movable Property Registry.

Establishment of this Registry has been at the heart of URSB’s work as we look at providing a solution to the many people and businesses that are in need of affordable credit. The registry is a fully electronic platform open to both secured creditors and borrowers. It will provide information on encumbrances of movable property of borrowers. Secured creditors will be able to access the data base online. Registration notifies the public of the secured interest in the movable asset.

INVENTORY

“Inventory” means tangible assets that are held for sale or lease in the ordinary course of business; and raw materials, work in progress and materials used in a business.

CAN A FARM AND FARM PRODUCE BE USED AS COLLATERALS?

Yes! Farm products including crops such as coffee, banana, tea (grown, growing or to be grown), fish stocks, poultry, livestock (and their unborn offspring), seeds, and other supplies used or produced during farming operations can be used as a collateral.

HOUSEHOLD GOODS

Depending on your financial institution or creditor, household goods such as television, computer, fridges, carpets etc. can be used “secure" a loan.

PLANTS AND MACHINERY

This refers to manufacturing plant and machinery, trucks, generating set, drilling rigs, presses, forklifts and similar items. These are usually appropriate collateral for term loans, revolvers, working capital loans, syndications.

CAN A FARM AND FARM PRODUCE BE USED AS COLLATERALS?

Yes! Farm products including crops such as coffee, banana, tea (grown, growing or to be grown), fish stocks, poultry, livestock (and their unborn offspring), seeds, and other supplies used or produced during farming operations can be used as a collateral.

PLANTS AND MACHINERY

This refers to manufacturing plant and machinery, trucks, generating set, drilling rigs, presses, forklifts and similar items. These are usually appropriate collateral for term loans, revolvers, working capital loans, syndications.

CAN A FARM AND FARM PRODUCE BE USED AS COLLATERALS?

Yes! Farm products including crops such as coffee, banana, tea (grown, growing or to be grown), fish stocks, poultry, livestock (and their unborn offspring), seeds, and other supplies used or produced during farming operations can be used as a collateral.

CAN A FARM AND FARM PRODUCE BE USED AS COLLATERALS?

Yes! Farm products including crops such as coffee, banana, tea (grown, growing or to be grown), fish stocks, poultry, livestock (and their unborn offspring), seeds, and other supplies used or produced during farming operations can be used as a collateral.

CAN A FARM AND FARM PRODUCE BE USED AS COLLATERALS?

Yes! Farm products including crops such as coffee, banana, tea (grown, growing or to be grown), fish stocks, poultry, livestock (and their unborn offspring), seeds, and other supplies used or produced during farming operations can be used as a collateral.

TRAINING

Check out the training flier for details

OVERVIEW OF THE REGISTRY

The Security Interest in Movable Property Registry System (SIMPRS) at Uganda Registration Services Bureau is established under the Security Interest in Movable Property Act of 2019. This Law allows Micro, Small and Medium Enterprises as well as individuals whose major constraint to economic growth is lack of affordable credit, to use their movable assets as collateral for loans. The SIMPRS has been developed in fulfillment of Government of Uganda’s objective in the Second National Development Plan 2015/16 – 2019/20 of reducing interest rates, decreasing default rates and increasing the pool of new borrowers.