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funding gap emerging markets
Uganda

Entrepreneur Financial Centre 14

  • EFC Uganda
  • Invest in a Financial Institution
  • + 430 other investors
  • With this loan of EUR 200,000 around 65 members of the Masese fish farmers cooperative society can invest in cooling systems for transport or use it as working capital to increase the fish production.

    €200,000
    Amount
    4.00%
    Interest
    12 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€200,000
    Interest4.00%
    Maturity12 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 23 hours on 8 December 2020.

      Summary

      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

      With this loan 65 members of the Masese fish farmers cooperative society can invest in cooling systems for transport or use the money as working capital to increase the fish production.

      Background

      Masese ‘A’ fish farmers cooperative society has been in existence for 9 years but fully registered their association on 28th April 2017 after being advised that it’s a requirement for them to access borrowing.

      Today, the Association has a total of 120 members and are looking forward to having over 150 Members by 2021. All these members are fish farmers.

      The objective of the association is to promote mutual economic interest of its members in accordance with cooperative principles.

      Membership

      Members shall consist of;

      A original members who signed applications for registration.

      B New members subsequently submitted in accordance with the association’s by laws and these will be submitted to the commit for approval

      Affordability

      The Association management is the same management that govern fish market within the area. This is a strong point to note in that Fish harvests and sales can be tracked for payments and monitoring since they are the ones to give licenses to fish buyers

      This proposal is backed up by the fact that;

      The target clients a group that deals in fish farming and other agricultural activities and they are already into the business and with enough experience.

      It’s proposed that EFC will finance Members of the Association but must be recommended by the Association.

      We have 65 ready members willing to take up the loan.

      Company nameEntrepreneur Financial Centre 14
      CEOShem Kakembo
      Founded2011-01-03
      LocationKampala Uganda
      SectorAgriculture
      Turnover€2,500,000
      Employees132

      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 24 jobs are created
      • With this investment 325 lives are improved

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      We have already contributed to Entrepreneur Financial Centre 14

      Piet van der Kooi
      Anastasios Krommydas
      Arno van Haren
      Albert Stoter
      Robert Roose
      + and another
      430
      investors