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

Website

http://efcug.com/

Domicile

Uganda

More investments in

EFC Uganda

Subsidy € 16,144.00 (2019)
Equity € 1,000,000.00 (2018)

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.