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
Financial Institutions
Bank of Africa Group S.A.
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Benin, Burkina Faso, Côte d'Ivoire, Democratic Republic of Congo, Ghana, Kenya, Madagascar, Mali, Niger, Rwanda, Senegal, Tanzania, Uganda
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Agri-Vie Fund II
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Subsidy
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Phatisa Food Fund 2
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Grofin East Africa Fund LLC.
2,211,000.00
Kenya, Rwanda, Tanzania, Uganda
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Zoscales Fund I
350,000.00
Ethiopia, Kenya, Rwanda, Tanzania, Uganda
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Subsidy
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African Rivers Fund III
1,500,000.00
Democratic Republic of Congo, Uganda
01/09/2020
Equity
Investment Companies & Funds
African Rivers Fund III
6,113,520.00
Democratic Republic of Congo, Uganda
01/09/2020
Equity
Investment Companies & Funds
Fairtrade Access Fund
350,000.00
Bolivia, Brazil, Colombia, Ecuador, Guatemala, Honduras, Nicaragua, Paraguay, Peru, Burkina Faso, Côte d'Ivoire, Ghana, Kenya, Tanzania, Uganda
07/04/2020
Subsidy
Investment Companies & Funds
Zoscales Fund I
21,757.30
Ethiopia, Kenya, Rwanda, Tanzania, Uganda
12/11/2019
Subsidy
Investment Companies & Funds
Frontier Energy II
8,151,000.00
Kenya, Rwanda, Tanzania, Uganda
21/03/2018
Equity
Investment Companies & Funds
Fairtrade Access Fund
3,000,000.00
Bolivia, Brazil, Colombia, Ecuador, Guatemala, Honduras, Nicaragua, Paraguay, Peru, Burkina Faso, Côte d'Ivoire, Ghana, Kenya, Tanzania, Uganda
24/10/2019
Equity
Investment Companies & Funds
African Rivers Fund
4,118,275.00
Democratic Republic of Congo, Uganda
02/02/2016
Equity
Investment Companies & Funds
Africa Renewable Energy Fund
8,896,000.00
Ghana, Kenya, Senegal, Uganda, Zambia
30/10/2014
Equity
Investment Companies & Funds
Beyond the Grid Solar Fund
4,175,007.50
Burkina Faso, Côte d'Ivoire, Ghana, Kenya, Nigeria, Rwanda, Tanzania, Uganda
26/10/2017
Debt
Investment Companies & Funds
Agri-Vie Fund II
6,552,700.00
Kenya, South Africa, Tanzania, Uganda, Zambia
20/01/2017
Equity
Investment Companies & Funds
Ethos Mezzanine Partners 3
8,868,980.00
Burundi, Ethiopia, Kenya, Malawi, Mozambique, Rwanda, South Africa, Tanzania, Uganda, Zambia
13/06/2019
Equity
Investment Companies & Funds
Zoscales Fund I
4,169,100.00
Ethiopia, Kenya, Rwanda, Tanzania, Uganda
18/04/2019
Equity
