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.
€101,000
4.00%
30 months
6 months
EUR
CurrencyAmount | €101,000 |
Interest | 4.00% |
Maturity | 30 months |
Repayments | 6 months |
Currency | EUR |
Summary
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 name | Entrepreneur Financial Centre 5 |
CEO | Deogratius Mawano |
Founded | 2008-09-19 |
Location | Buganda Road, Kampala |
Sector | Services |
Turnover | €2,000,000 |
Employees | 122 |
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 7 jobs are created
- With this investment 314 lives are improved