El proyecto

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)

Background

Zigoti Millers Association is a Ugandan agribusiness trade and livestock business (established in 2016) providing affordable and nutritious products (grains, meat, maize and rice flour), based in the Mityana district of the country's central region. Zigoti Millers sources from over 500 small holder farmers through 36 cooperatives and processes them for sale to the near by market including schools, prisons, hotels and the entire community.

Zigoti Millers Association was founded by Mr.Genza Thomas a resident of Kakindu Town 5km from Zigoti town initially focused on staple food value chain development including the processing and distribution of grains and wide variety beans and in 2016 expanded its offering to include dairy value chain development. Zigoti Millers association also owns food stores in Kisenyi a place in the capital of Uganda where it bases to supply to the urban market and export to other countries like Kenya and south Sudan.

Loan purpose

With this loan of EUR 300,000, Zigoti Millers Association will be able to buy more agricultural outputs, e.g. maize & grain from 500 small holder farmers and purchase extra quipment e.g. cold room storages. Besides this, they can carry out education at cooperative level to improve farming methodologies and output so that farmers can be able to practice best post-harvest technologies and loss minimize on production.

Mission

The Association mission is to sustain the private entrepreneurship through sustainable development of supply chains of food to different clients.

Vision

To become a leading regional and international company in the food supply chain.

Impact

Indirect benefit to the livelihoods of Ugandan small holder farmers & their families as Zigoti Millers Association sources and purchases agricultural outputs providing both a marketplace and higher prices than if individually sold

• Farmers benefit from training and market offered by Zigoti Millers Association which contributes to poverty reduction
• Farmers can feed and educate their children
• Farmers can pay their health insurance.
• Farmers have greatly improved their livelihood through angagaging more in commercial agriculture compared to as it was in the past where farmers were majory on subsistence farming.