EFC Uganda
EFC Uganda is a microfinance deposit-taking institution (MDI) in Uganda.
Amount
€ 285,933.00
Type of investment
Equity
Development impacts
- Local economic growth
- Private sector consolidation/innovation
- 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.
As a responsible shareholder, BIO together with AFS and DID participated in the capital increase of September 2016 to improve the CAR and deploy the business plan. BIO holds a 20% stake in the MFI. The objective of this investment was to strengthen the credit offer to SMEs in Uganda.
Development impacts
-
Local economic growth
EFC offers services to local micro, small and medium enterprises (MSMEs).
-
Private sector consolidation/innovation
Short-term and long-term capacity building training to local staff by founding partner DID.
-
Financial inclusion
Credit services to self-employed individuals.
-
Access to basic services & goods
Home improvement loans represent 31.2% of the total loan portfolio.
View more of our investments in this region
Investment Companies & Funds
African Rivers Fund IV
10,000,000.00
Angola, Democratic Republic of Congo, Uganda, Zambia
05/12/2024
Equity
