Entrepreneur Financial Centre 5

With a loan of EUR 101,000 Entrepreneur Financial Centre 5 will be able to finance 7 companies in Kampala, Uganda.

  • Local partner investment
  • 7 new jobs
  • 314 people reached



30 months



Annual interest



6 months

Repayment Interval
Fully funded in 4 days on 22 June 2019.
+ 227 other investors

Collin Mesaki Muhumuza

Collin has been in the trading business for the last 16 years. He is a major distributor of Mukwano products which include plastics, detergents and cooking oil. He is in-charge of the eastern region which stretches from Mukono to Jinja. His shop is located on Translink building. He turns over Ugx 3.1billion per annum. He currently has 4 employees who help in the operations of the business. Due to the increased targets from the manufacturer, Collin needs to increase his working capital and has requested for Ugx 65 million

Angella Damalie Lusiba

Angella trades in women hand bags and jewelry and has been operational for the last 11 years. She has 3 shops located in Lungujja, Kosovo and in the Central business district. The business has stock of Ugx 118 million and turns over Ugx 882million per annum. She currently employees 7 staff. Angella wants to borrow Ugx 50 million to increase her permanent working capital in the new shop that has operated for just 9 months and take advantage of the accelerated growth seen in Lungujja.

John Kiwanuka

The entrepreneur operates a motor vehicle spare parts outlet for now the last eight 7 years on Kashamba complex.  The business turns over Ugx 1.74 billion shillings per annum and has got 5 employees. The entrepreneur wants to include some new parts that are on demand yet not inclusive in his range of product line. He has requested for Ugx 70 million to support him meet this need.

Michael Ricky Turakira

The entrepreneur has been in the trading and distribution business for the last 13 years. He is a major distributor of Mukwano products (plastics, detergents and cooking oil). He is in-charge of the Kampala - west region which stretches from Matugga, Kawempe and Nansana. The business has its outlet on Baskerville building. He turns over Ugx 3.6billion per annum. He currently has 7 employees who help in the operations of the business. Due to the increased targets from the manufacturer, Michael needs to increase his working capital and has requested for Ugx 85.6 million

Samuel Galiwango

Samuel is a seasoned business man that has grown his transport business from scratch and now has expanded into sale of reconditioned cars. Samuel started business as early as 16 years after his father passed on and left him an omni-bus. Now at 68 years of age, he has 21 transport vehicles (7 omni buses, 9 vans (taxis) and 5 canter trucks. He has 32 vehicles in his bond for sale located in Makindye. Samuel turns over Ugx 1.9 billion per annum and employs 32 people. He seeks working capital of Ugx 80 million to purchase tyres for his vehicles

Joshua Sentongo

The entrepreneur operates a state of art Photo shop business in Mukono for the last 6 years. He employs 4 people and turns over Ugx 210 million per year. He has approached EFC for a loan of Ugx 30 million to increase his permanent working capital by acquiring some printing equipment.    

Richard Magezi

Richard has graduated from a retail shop into a wholesale shop in Kawempe over the past years, trading in general merchandise. The business has been operational for the last 11 years and now employs 4 people. The business turns over Ugx 341 million per year. Richard approached EFC seeking Ugx 28 million to inject more working capital in this business.

Company nameEntrepreneur Financial Centre 5
CEODeogratius Mawano
LocationBuganda Road, Kampala

Impact of this project

  • With this investment 7 jobs are created
  • With this investment 314 people are reached

About the investment

TypeLocal partner investment
IssuerEFC Uganda
Funding target€101,000
Annual interest4.00%
Maturity30 months
Repayment IntervalSemiannually
Terms and conditionsShow
Note termsDownload
Information document issuerDownload

About the risks

What are the risks of investing money?

The risk level depends on the specific project. Local partners cover the risk of currency exchange rates and defaults on Local Partner investments. They do this by maintaining financial reserves for this purpose. Aside from that, there is an option to claim their equity if needed. While these measures are intended to minimize the risk to investors, our local partners face risks of their own that could affect their ability to secure your investment. These include - bankruptcy - currency exchange rates - fraud - operational risks - political and regulatory changes - natural disasters or epidemics.

With direct investments, risks of default are not covered. As the risks are higher, so are the interest rates.

There is also some operational risk at Lendahand. An example might be that Lendahand is unable to find shareholders to finance their activities. In such a case, Lendahand will handle outstanding investments at the best of its ability. At the same time, our ability to legally address non-payment from local partners becomes understandably difficult.

How does Lendahand minimize the risks?

Every local partner must share our social mission to ensure local entrepreneurs can access affordable financing, allowing them to grow their business. Local partners must also have a 'track record'; they must have proven themselves as a reliable credit provider for SMEs.

For instance, this means a solid credit portfolio and enough buffers and equity to compensate for unexpected downturns. We also check the organizational structure of the portfolio company and how robust their (internal) procedures are. Finally, the investments must be in proportion to the total balance of that portfolio company. A healthy balance between effectuating influence and being independent is crucial. If you would like to receive more information on the financial indicators we employ, please contact us via

When currency exchange risks become too high for a local partner, Lendahand will urge the local partner to cover these risks. In some scenarios, the local partner is contractually obliged to comply with these demands.

Lendahand always conducts due diligence when companies request funding. The results can be downloaded on the project detail page. However, this analysis is not investing advice.

Does Lendahand provide a guarantee?

Usually we don't. Local partners take care of the repayment, even if (some) entrepreneurs are unable to do so themselves. If the local partner is for some reason unable to repay then there is a chance of partial or full loss of your money. For this reason, Lendahand only selects financially solid partners based on strict criteria.

For most direct investments, there is no guarantee. However, currency risks are covered.

Sometimes, and only for some direct investments in Africa, our partner Sida, part of the Swedish government, will guarantee a maximum of 50%. Read here more about guarantees with Sida. Projects with Sida guarantees are indicated explicitly on the project page.

Does Lendahand have a license or exemption?

Yes. The Dutch Authority Financial Markets (AFM) has provided Hands-on B.V. (with trade name 'Lendahand') in September 2016 with an investment firm license in accordance with article 2:96 of the Financial Markets Supervision Act (Wft). Placing orders on Lendahand's website is therefore an AFM regulated activity. Lendahand also meets its minimum capital requirements following its license as required by De Nederlandsche Bank (DNB).

Lendahand uses an exemption from an approved prospectus that is available up to EUR 5 Million per year. 

How safe are my personal details?

We adhere to strict safety requirements concerning private and payment details. All sensitive data is sent through an encrypted connection (https). Also, information is stored (encrypted) in a secured facility provided by AWS: the world’s largest hosting service. A secured connection and multi-factor authentication can only retrieve customer documents.

What happens if the local currency devaluates?

Our local partners and companies bear the exchange rate risks. We settle the investments, redemptions, and interest payments in euro.

Does Lendahand use a third foundation fund?

Lendahand works with Intersolve EGI: a Dutch financial institution specializing in payment settlement and electronic money. To be able to offer these financial services, Intersolve EGI must comply with the applicable financial legislation. Intersolve EGI is therefore supervised by De Nederlandsche Bank (DNB) and the Netherlands Authority for the Financial Markets (AFM) and owns a license to act as an Electronic Money Institution (and therefore also has a license as a Payment Institution). Your money will be deposited on a protected and secure bank account until the project you have invested in has been fully funded. Intersolve has no access to these funds. Once the project is fully funded, the money is transferred to the local partner or company in question.

What happens with my money if Lendahand goes bankrupt?

If Hands-On BV (containing the brand name Lendahand) went bankrupt, trades between Lendahand and payment service provider Intersolve EGI would cease immediately. Intersolve will then transfer the funds in your wallet to your bank account (Note: if at this time the project you have invested in has been fully funded and the money has thus been transferred to the local partner, these funds will not be transferred back to your bank account). Intersolve will then, in consultation with a trustee, handle all repayments between the investors and entrepreneurs until the final repayment of the last project has taken place.

Additionally, Lendahand is part of the investor compensation scheme (ICS). This scheme aims to compensate individuals and small businesses with trusted money and or financial instruments (such as notes or options) to a licensed bank, an investment firm, or a financial institution. In case the financial firm is unable to meet its obligations arising from claims related to the investment service (in other words, if Hands-On BV is not keeping track of the acquired notes by investors in the Wge depot correctly). The ICS guarantees an amount of up to €20.000 per individual. For more information, go to

Why is Intersolve EGI handling my money?

As part of the AFM license for investment firms, it is required that operational activities carried out by Lendahand (maintaining the website, contracting of local partners, legal issues, etc.) are strictly separated from financial transactions (payments made through the website). Intersolve takes care of the costs. This collaboration offers you more security since your money is placed on a protected bank account immediately after making your payment.

What happens when a local partner goes bankrupt?

When a local partner goes bankrupt, there’s a chance you’ll lose (part of) your money. Lendahand will try to recover outstanding payments, but the success rate is limited in such situations. For you, as an investor, there’s no possibility of taking action against the financial institution. Therefore, it is recommendable to choose several different projects.

About EFC Uganda

Portfolio Overview€1,138,790,835.84
Equity / total assets19.00%
Write-off ratio last 12 months1.40%
% investment amount in arrears (>90 days)2.99%

We have already contributed for Entrepreneur Financial Centre 5

Edwin Tofield
Boudewijn Gailliaert
Robert Mars
Juul Slot
Liesbeth Dorama
+ and another