Uganda’s micro-finance industry has been attracting many new entrants, thereby registering one of the highest entrepreneurial drives. Indeed, 1,592 microfinance enterprises were attracted between 1990 and 2008, representing a numerical growth rate of 1,688.8 percent. However, no sooner had the institutions been established than over 91 percent of them failed to survive in the market. Uncertainty is also hovering in the industry about the ability of the remaining institutions to survive in the business in a sustainable manner. This paper discusses anecdotal evidence regarding how the ethical orientation of the institutions’ managers contributes to this failure.
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