EFC Uganda

Equity : March 2018

EFC Uganda is a microfinance deposit-taking institution (MDI) in Uganda.

Amount

€ 1,000,000.00

Type of investment

Equity

Development impacts

Local economic growth
Financial inclusion
Access to basic services & goods

Beneficiary locations

Africa: Uganda

Investment field

Financial Institutions

Activity

Microfinance institution

Organisation

EFC Uganda

Website

http://efcug.com/

Domicile

Uganda

More investments in

EFC Uganda

Equity € 744,274.00 (2021)
Subsidy € 16,144.00 (2019-2021)
Equity € 285,933.00 (2016)

EFC Uganda is a deposit taking MFI which started its operations in July 2012 under the conduct of DID following a management contract model.

EFC offers individual loan products and current and saving accounts to local micro, small and medium enterprises (MSMEs) and the lower income strata of the Ugandan population. It is the fastest growing microfinance institution in Uganda. With a strong commitment to high standards of quality customer service, EFC has two full service branches and five Business Loan Centres at strategic locations in Kampala.

Development impacts

Local economic growth
The investment is expected to increase the offer of financial services, mainly credit but also new saving products, to MSMEs in Uganda.
Financial inclusion
Credit services to self-employed individuals.
Access to basic services & goods
The segment of home improvement loans represents around 1/3 of the total loan portfolio.