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funding gap emerging markets
Uganda

Zirobwe Namawojja Taxi Operators

  • EFC Uganda
  • Invest in a Financial Institution
  • + 240 other investors
  • With a loan of EUR 62,000 the Zirobwe Namawojja Taxi Operators Association can support their 43 members and help them get more clients to transfer.

    €62,000
    Amount
    4.50%
    Interest
    24 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€62,000
    Interest4.50%
    Maturity24 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 9 days on 8 June 2020.

      Summary

      Warning

      In the coming period there are different conditions for this partner. More information can be found here.

      • The interest rate has been temporarily increased by 0,5 percentage point to accommodate the growing uncertainty associated with COVID-19.
      • In addition, this investee is allowed - provided they continue to comply with the applicable covenants - to refinance future repayments to Lendahand investors with the funds raised from this project.
      • Repayments occur after 12 months, not after 6 months (grace period).

      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 issuing company (NL)

      Information note issuing company (EN)

      Company nameZirobwe Namawojja Taxi Operators
      CEOIrene Bogere
      Founded2001-07-18
      LocationZirobwe
      SectorAgriculture
      Turnover€243,190
      Employees43

      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 200 lives are improved

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      We have already contributed to Zirobwe Namawojja Taxi Operators

      Ton Van der Meer
      Frans Wittenberg
      Manfred Jansen
      Peter Boot
      Jan van Munster
      + and another
      240
      investors