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funding gap emerging markets
Uganda

Entrepreneur Financial Centre

  • EFC Uganda
  • Invest in a Financial Institution
  • + 205 other investors
  • With a loan of EUR 79,300 EFC Uganda will be able to provide loans to 5 entrepreneurs to expand their business, including a school.

    €79,300
    Amount
    4.00%
    Interest
    24 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€79,300
    Interest4.00%
    Maturity24 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 3 days on 29 April 2019.

      Summary

      NEW LOCAL PARTNER

      Entrepreneur 1 - Kibirige Ali

      Started with transport business in 2009 and has since expanded into putting up low cost houses for low income earners. The entrepreneur has set up several rental houses to provide accomodation for the poor. He currently employes five (5) people to support him in the day to day operations of his business.

      The funds are to enable him complete a set of new low cost houses for rental purposes for the poor. The houses are located in kasenge,nsagu found in the outskirts of kampala.The entreprenuer has over 70 housing units,each at a cost of UGX120,000 per month,giving an annaul turn over of UGX 100,800,000.

      Entrepreneur 2 - Jamada Luwano

      the client has 38 housing units for both low income earners and middle lever income earners in luzira, kitintale and Mutungo all suburbs of Kampala. He has been in business since 1999 having started from trading business in general merchandise.

      The purpose of the loan is to complete a new set of rental units in Luzira. The entrepreneur is ambition to grow in this industry of hospitality by providing affordable accomodation to the poor. Entreprenuer has an annual turnover of Ugx 115M 

      Entrepreneur 3 - Njagala Mohammad

      The entrepreneur has been in business for the last 15 years in trading business of general construction hardward. The business has grown from scratch and now has got 5 business outlets in Natete, Zana, Buloba, Namasuba, and Mukono. All being major business centres in the outskirts of Kampala city. Mohammad has over 20 employees supporting him in running the different outlets.

      Mohammad has now put up a commercial property that will be used for renting out having over 30 shops for generating more income. He will also expand with a shop on the same building. The purpose of the loan is for construction completion of the commercial property. Business has an annual turnover of Ugx 1.5 Billion

      Enrepreneur 4 - Isiiko Nathan

      Nathan owns and runs a school called Vibrant Primary school located at Nalumunye –Bandwe. He started the business over 7 years ago but was not yet fully registered. In 2015, the school was fully registed with two directors: Stella Namutamba and Nathan Isiiko. The school has 378 children and employs over 35 staff including both teaching and non-teaching. 

      The entrepreneurs are aiming at expanding on the school facilities to be able to accomodate more children. The funds will therefore be used to complete a class room block. The business has an annual turnover of Ugx 795,000,000

      Entrepreneur 5 - Semakula Mesach

      The entrepreneur is an afro pop music artist that started his career while still very young and performed under several successful music bands like Eagles production and golden production. He has been in this industry for now 15 years and has turned out to be one of the most influential music artists among the youths who uses music to pass on educational pieces and cultural messages. Mesach now has 14 employees who provide support in his music business.

      The  entrepreneur has built a modern music studio that he needs funding to complete construction works. This will enable him shift from the currently rented music studios to a permanent home for his music and productions. The business makes an annual turnover of Ugx 625 Billion

      Company nameEntrepreneur Financial Centre
      CEOAli Kibirige
      Founded2009-04-20
      LocationKasenge, Nsagu
      SectorServices
      Turnover€150,000
      Employees85

      Impact

      Entrepreneur Financial Centre (EFC) supports a wide range of entrepreneurs and agricultural cooperatives within different sectors in Uganda. Their loans enable job creation, working capital, and working material for underserved SMEs, allowing better living and working conditions within local communities. In Uganda, there's a strong demand for impact capital to enable organizational improvement and economic growth, helping the country reach its full economic potential

       

      SDGs impacted

      With this project you are contributing to the following Sustainable Development Goals:

      SDG 1 - No poverty

      SDG 8 - Decent work and economic growth

      SDG 10 - Reduced inequalities

      Read more about the impact you can make through our platform and the SDGs on our impact page.

      • With this investment 5 jobs are created
      • With this investment 120 lives are improved

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      We have already contributed to Entrepreneur Financial Centre

      Lot Hagenaars
      Gert Mosterd
      Ron van Eijk
      Wilgert Velinga
      Suzan van der Meij
      + and another
      205
      investors