EFC Tanzania M.F.C.


BIO has invested USD 1.5 million senior loan in EFC Tanzania M.F.C. (EFC Tz) to facilitate its further growth.

EFC Tanzania is a greenfield microfinance institution (MFI) registered as a microfinance company (MFC) and operating in Dar-es-Salaam with the plan of extending progressively their presence all over the country. It is an affiliate of the Canadian NGO Development International Desjardins (DID) network of EFCs in Sub-Sahara Africa and Latin America. DID ensures the deployment and development of EFCs. Once the EFC is launched, DID’s role is to manage operations and train the staff, leading the institution to financial sustainability with ultimate objective of a local management and ownership. After almost 3 years of operations, EFC Tanzania is progressively becoming a credible alternative for MSEs financing in the market.

BIO joins the current investors AfricInvest Financial Sector (AFS), Bamboo Finance, Triple Jump and Dunduliza Company Limited, in EFC Tanzania.

Website: http://www.efctz.com/

  • Investment amount (€):

    USD 1.5 million

  • Contract signature :


  • Nature of intervention :


  • Development impacts :

    • 1 — access to finance for micro and small entrepreneurs
    • 2 — job creation
    • 3 — basic services for the population and improved housing