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funding gap emerging markets
Uganda

Entrepreneur Financial Centre 11

  • EFC Uganda
  • Invest in a Financial Institution
  • + 84 other investors
  • With a loan of EUR 19,850 EFC will be able to finance a cooperative so they can purchase raw materials and new equipment.

    €19,850
    Amount
    4.50%
    Interest
    24 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€19,850
    Interest4.50%
    Maturity24 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 6 hours on 22 August 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 nameEntrepreneur Financial Centre 11
      CEOKamuntu Mugume
      Founded2013-01-01
      LocationMubende
      SectorAgriculture
      Turnover€1,500,000
      Employees50

      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 5 jobs are created
      • With this investment 25 lives are improved

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      We have already contributed to Entrepreneur Financial Centre 11

      Stephan Sluijmers
      Henk Enserink
      Jan de Wit
      Benjamin Overkempe
      Elke Krekels
      + and another
      84
      investors