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

Mpererwe Tula Road Association was started on 04th April 2011 so it has been in existence for 9 years.

Today, the Association has a total of 96 members and are looking forward to having about 300 members by 2022. All these members are boda boda riders. Many of the members own farms as well in the villages where they rear cattle and other animals like goats and sheep.

EFC is lending Mpererwe Tula Road Boda Boda Association Limited at large so that the Association can purchase land which they wish to subdivide and give to the members as a loan to payback in installments as well as to lend to their members who they already know have the capability to borrow and pay back the money.