The project

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)

Green Africa Recycling Limited is a plastics recycling company located in Kyambogo in Kampala, Uganda. They recycle plastics for Coca Cola. Coca Cola provides the raw materials for Green Africa which they buy from different suppliers country-wide.

The loan purpose is to is to add working capital to the factory by buying spare parts for the many machines that are still down to operate in order to increase production and meet targets set by their esteemed client, coca Cola. They have over 1000 tonnes of plastic bottles that have to be processed, recycled and delivered to their client in Uganda.