EFC Uganda

Equity : September 2016

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

Sub-Saharan Africa: Uganda

Investment field

Financial Institutions

Activity

Microfinance institution

Organisation

EFC Uganda

Domicile

Uganda

More investments in

EFC Uganda

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.

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African Rivers Fund III

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African Rivers Fund III

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Fairtrade Access Fund

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EFC Uganda

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  16,144.00

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  Subsidy

Zoscales Fund I

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  Subsidy

Frontier Energy II

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Fairtrade Access Fund

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Zoscales Fund I

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