Anguandia Jershem Moses Sunday and Another v Jubilee Finance Ltd (Miscellaneous Application No. 25 of 2025)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
The High Court granted the applicants conditional leave to appear and defend a summary suit for loan recovery. The court found that the applicants raised a triable issue regarding the legality of interest charges under the Tier 4 Microfinance Financial Institutions and Money Lenders Act s.90(2). Leave was granted only on condition that the applicants pay UGX 49,000,000 (the undisputed principal amount less admitted repayments) within one month. The court held that the second applicant, as guarantor, remains liable until the main suit is resolved.
Outcome
Applicants granted conditional leave to defend — must deposit UGX 49,000,000 within one month; second applicant remains a party as guarantor
Facts
The first applicant obtained a business loan of UGX 57,393,000 from the respondent on 21 February 2024. The loan agreement stipulated a 5% monthly interest rate. The first applicant made partial repayments totalling UGX 8,000,000 but defaulted on the repayment schedule. The second applicant executed a guarantor deed making herself jointly and severally liable. The respondent filed Civil Suit No. 0013 of 2025 seeking recovery of UGX 80,000,000 (principal plus interest). The applicants sought leave to appear and defend, alleging that the loan agreement charged illegal and excessive interest rates contrary to the Tier 4 Microfinance Financial Institutions and Money Lenders Act s.90(2). The first applicant admitted the principal debt but disputed the interest calculation. The respondent opposed the application, stating that the interest rate was mutually agreed and disclosed before execution of the loan agreement.
Issues
- Whether the Applicants should be granted leave to appear and defend Civil Suit No. 0013 of 2025.
- What are the remedies available to the parties?
Orders
- The Applicants are granted leave to appear and defend Civil Suit No. 0013 of 2025, but only with respect to the legality of the interest charged.
- Leave to defend is conditional upon the Applicants paying UGX 49,000,000 (Forty-Nine Million Uganda Shillings Only) within one month from the date of this Ruling.
- The 2nd Applicant shall remain a party to the dispute between the 1st Applicant and the Respondent until the main suit is heard and disposed of.
- Costs of the Application shall abide the outcome of the main suit.
Rules and key headnotes
Legislation cited (4)
- Civil Procedure Act Cap. 282 s.98
- Civil Procedure Rules S.I. 71-1 Order 36 rule 4
- Civil Procedure Rules S.I. 71-1 Order 52 rules 1 and 3
- Tier 4 Microfinance Financial Institutions and Money Lenders Act s.90(2)
Cases cited (7)
- Africa One Logistics Ltd v Kazi Food Logistics (U) Ltd (Miscellaneous Application No. 964 of 2019)
- Maluku Interglobal Trade Agency v Bank of Uganda [1985] HCB 65
- MMK Engineering v Mantrust Uganda Ltd (Miscellaneous Application No. 128 of 2021)
- Bhaker Kotecha v Adum Muhammed [2002] 1 EA 112
- Roko Construction Co Ltd v Ruhweza Transportation & Construction Ltd (Miscellaneous Application No. 831 of 2021)
- Jamil Ssenyonjo v Jonathan Bunjo (Civil Suit No. 180 of 2012)
- VS Hydro Uganda Ltd and 3 Others v UAP Old Mutual Insurance Uganda Ltd (Miscellaneous Application No. 2493 of 2023)
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.