EFC Uganda

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). 

General information

BorrowerEFC Uganda Limited (MDI)
Head officeKampala
Founded13 December 2011
Active on Lendahand since 1 April 2019

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Financial information per 2020-06-30

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%

About Uganda

Uganda gained independence from Britain on 9 October 1962 as a Commonwealth realm with Queen Elizabeth II as head of state. One year later, Uganda became a republic but maintained its membership in the Commonwealth of Nations. The country has been experiencing consistent economic growth. In 2015-16, Uganda recorded gross domestic product growth of 4.6 percent in real terms. However, despite making enormous progress in reducing the countrywide poverty incidence from 56 percent of the population in 1992 to 24.5 percent in 2009, poverty remains deep-rooted in the country's rural areas, which are home to 84 percent of Ugandans.

Most recently funded project

Entrepreneur Financial Centre 18

With this loan of EUR 301,500 Lay Egg Poultry Farmers Association will be able to increase production by applying modern farming procedures through improved and mechanized farming procedures, e.g. construction of better facilities, buying of incubators and educating of local farmers.

  • Local partner investment
  • 10 new jobs
  • 450 people reached



24 months



Annual interest



6 months

Repayment Interval
Fully funded in 25 days on 9 April 2021.