Entrepreneur Financial Centre 2
With a loan of EUR 74,850 the 13 taxi-drivers will be able to replace their cars and meet the new standards of The Civil Aviation Authority with regards to a carbon neutral environment.
€74,850
4.00%
24 months
6 months
EUR
CurrencyAmount | €74,850 |
Interest | 4.00% |
Maturity | 24 months |
Repayments | 6 months |
Currency | EUR |
Summary
Buyonga Airport Taxi Project
The government of Uganda passed a policy which banned vehicles that are 15 years old and beyond. The Civil Aviation Authority (CAA) decided to implement this with all Taxi cabs currently operating at Entebbe Airport. This is in a bid to implement the best practices in carbon management, with an objective of creating a carbon neutral environment. The same has been pushed for all ground handling service providers.
Through this campaign CAA now carries out motor vehicle inspections every six months and cars in poor mechanical condition are barred from accessing the airport or at times, owners advised to buy new ones.
Over 250 cabs operate from Entebbe Airport where CAA has given a deadline of July 2019 by which if any driver has not complied, they will be denied access to the airport for further services. This means that several families are being put to a threat of having no steady income if these drivers are cut off from their jobs.
EFC has therefore moved in to support and partner with the Buyonga Airport Taxi Association and ensure continuity of service by helping them acquire motor vehicles that meet this required standard and also partner with CAA to ensure that they achieve their strategy of reducing carbon emission at the airport.
25 drivers have been identified and 13 have so far been booked as a pilot starting off this project with the drivers’ association to help them acquire motor vehicles.
1. Joseph Ssekyonda
Joseph has been working under the airport association for now 9 years and owned a Toyota wish manufactured in 2001 which does not meet the required airport standard. EFC is acquiring a Toyota Alphard manufacture in 2012
2. Gerald Kasozi
Gerald has worked with the airport association for now 17 years. EFC is purchasing for him a Van - super custom manufactured in 2011
3. Patrick Ndiwalana
Patrick has worked with the taxi association since 2008. EFC is purchasing a saloon car (Toyota Premio) for him manufactured in 2012
4. Abdul Byarugaba
Abdul has worked with the taxi association for 11 years. He is changing his car to now a Toyota wish manufactured in 2010
5. Brian Akugizibwe
Brian has worked with the taxi association for 6 years. He is changing his car to now a Toyota wish manufactured in 2010
6. Jonathan Sevume
Jonathan has worked with the taxi association since 2002. EFC is purchasing a saloon car (Toyota Premio) for him manufactured in 2010
7. Julius Osele
Julius has worked with the taxi association for 9 years. He is changing his car to now a Toyota wish manufactured in 2010
8. David Calvin Nfamba
David has worked with the taxi association since 2012. EFC is purchasing a saloon car (Toyota Premio) for him manufactured in 2010
9. Hood Kamanzi
Hood has worked with the taxi association for 6 years. He is changing his car to now a Toyota wish manufactured in 2010
10. Christopher Mujuzi
Christopher has worked with the taxi association for 4 years. He is changing his car to now a Toyota wish manufactured in 2010
11. Sam Wamimbi
Sam has worked with the taxi association since 2013. EFC is purchasing a saloon car (Toyota Premio) for him manufactured in 2009
12. David Balwaniransi
David has worked with the taxi association since 2001. EFC is purchasing him a second vehicle, a saloon car (Toyota Vista)
13. Joseph Musisi Nsereko
Joseph has been working under the airport association for now 16 years and owned a Toyota wish manufactured in 2003 which does not meet the required airport standard. EFC is acquiring a Toyota Noah (2010)
Company name | Entrepreneur Financial Centre 2 |
CEO | Joseph Ssekyonda |
Founded | 2010-07-15 |
Location | Entebbe |
Sector | Services |
Turnover | €100,000 |
Employees | 26 |
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 26 lives are improved