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funding gap emerging markets
Uganda

Entrepreneur Financial Centre 22

  • EFC Uganda
  • Invest in microfinance
  • + 439 other investors
  • With this investment of EUR 150,000 around 10 chicken farmers (united in an association) can receive a loan so they will be able to increase production by applying modern farming procedures and build better facilities. On the picture 2 Lendahand employees that recently visited EFC.

    €150,000
    Amount
    4.00%
    Interest
    24 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€150,000
    Interest4.00%
    Maturity24 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 23 hours on 16 November 2021.

      The project

      EFC Uganda Limited (MDI) is a licensed Microfinance Deposit-taking Institution in Uganda. It was created in 2011 by Développement Desjardins International to provide access to financial services for the underserved SME market segment. The company operates in Kampala with a head office, two branches and five business service centers. EFC Uganda is supervised by the Bank of Uganda and has several reputable shareholders. 

      Shem Kakembo is the Managing Director since early 2018. Prior to joining EFC Uganda, Shem worked in leading management positions in financial industry in Uganda and Rwanda since 2003. His latest apointment prior to joining was as Head of Personal Markets (Retail) at Stanbic Bank (Uganda’s largest bank). 

      Information document of the issuing company EFC (NL)

      Information note of the issuing company EFC (BE)

      Loan Purpose

      With this investment of EUR 150,000 around 10 chicken farmers can receive a loan so they will be able to increase production by applying modern farming procedures and build better facilities.

       

      Mission

      To bring changes in the lives of the poor agriculture-based peoples like poultry farmers through their sustainable livelihood development and improvement of lifestyle.

       

      Impact

      Indirect benefit to the livelihoods of Ugandan small holder farmers & their families:

      • Farmers benefit from training and market offered by the Association which contributes to poverty reduction.
      • Farmers will enhance on their income to feed and educate their children
      • Farmers have greatly improved their livelihood through engaging more in commercial farming compared to as it was in the past where farmers were majorly on subsistence farming
      Company nameEFC Uganda
      CEOShem Kakembo
      Founded2011-01-25
      LocationKampala Uganda
      SectorAgriculture
      Turnover€400,000
      Employees135

      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 10 jobs are created
      • With this investment 35 lives are improved

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      We have already contributed to Entrepreneur Financial Centre 22

      Ria Meyaard
      Boudewijn Gailliaert
      Jan van Munster
      Barteld Wierda
      Lars Groenewegen
      + and another
      439
      investors