EFC Uganda
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
Investment field
Financial Institutions
Activity
Microfinance institution
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.
Read impact and news about this project
Impact Story
You have to pay money back
22-10-2021
BIO has invested in EFC Uganda, a microfinance deposit-taking institution, both directly and through Africinvest Financial Sector.
Caroline Cherotic is one of EFC Uganda’s many clients. This is her story.
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