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funding gap emerging markets
Uganda

Entrepreneur Financial Centre 18

  • EFC Uganda
  • Invertir en microfinanzas
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  • With this loan of EUR 301,500 Lay Egg Poultry Farmers Association will be able to increase production by applying modern farming procedures through improved and mechanized farming procedures, e.g. construction of better facilities, buying of incubators and educating of local farmers.

    €301,500
    Importe
    4.00%
    Interés
    24 meses
    Vencimiento
    6 meses
    Reembolsos
    EUR
    Moneda
    Importe€301,500
    Interés4.00%
    Vencimiento24 meses
    Reembolsos6 meses
    MonedaEUR
      100%
      Completamente financiado en 24 díasen 9 Abril 2021.

      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 of the project

      Lay egg poultry farmers Association is a Ugandan poultry farmers group of about 300 registered members and 150 unregistered members (established in 2014) located in Bukuya mubende district providing its members with support in educating them in the modern farming methods, educate them on various necessities before setting up a poultry farm in each location. With this loan the organization will also finance members to buy stater chicks from trusted suppliers and help them to maintain proper health management.

      Lay egg poultry farmers Association was founded by Mr. Mukwaya paul and wife sarah Mukwaya  residents of then myanzi town before moving to bukuya  town, in search for a bigger space of land for farming, initially they focused on training farmers on improved poultry farming technics with a payment and later became a community based association, after engagement with local farmers who were doing poultry farming at a small scale to fulfil the animal nutrition demand for their home but were interested in large scale commercial poultry farming to earn more money.

      Currently the association has over 400 hundred farmers producing both layers and broilers with a capacity of producing about 8400 lays in a week which they supply in local market and abroad. This has gradually improved the lives of the members in the association and has greatly impacted on their livelihood

      Loan Purpose

      With this loan of EUR 301,500, Lay Egg Poultry Farmers Association will be able to increase production by applying modern farming procedures through improved and mechanized farming procedures, e.g. construction of better poultry facilities, buying of Incubators, educating local farmer and providing capital so that they can increase their working capital. 

      Mission

      To bring changes in the lives of the poor agriculture-based peoples, farmers poultry and dairy farm owners through their sustainable livelihood development and improvement of lifestyle.

      Vision

      To become a leading regional and international supplier of poultry products like chicken, eggs, Meat, and feather

      Impact

      Indirect benefit to the livelihoods of Ugandan small holder farmers & their families as Lay egg poultry farmers Association sources and provides free training to its member farmers and assist on looking for markets for all poultry products.

      • Farmers benefit from training and market offered by the Association which contributes to poverty reduction.
      • Farmers will enhance on their income to feed and educate their children
      • Farmers have greatly improved their livelihood through engaging more in commercial farming compared to as it was in the past where farmers were majorly on subsistence farming
      Nombre de la empresaEFC Uganda
      Director generalShem Kakembo
      Fundado2011-01-25
      UbicaciónKampala Uganda
      SectorAgricultura
      Volumen de negocio€400,000
      Empleados135

      Impacto

      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.

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