Project detail - DFCU BANK LTD

DFCU BANK LTD

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Who is our client

DFCU is a fast growing commercial bank in Uganda dating back to 1964. DFCU was created to boost the development of the Ugandan Economy by providing financial services to Ugandans in form of long term lending to SMEs in the construction, manufacturing, trade & commerce and agribusiness among others.

Funding objective

50% of the facility has been earmarked for SMEs. Therefore, by making long-term funding available, this facility will boost the efforts of privately owned SMEs in the various sectors where DFCU is active. Furthermore, DFCU aims to increase its loan portfolio in the agricultural sector.

Why we fund this project

This Facility will provide long-term (USD) funding not available from local or international commercial parties on viable terms. Furthermore, the facility also deepens our relationship with our long standing partner DFCU.

More investments

Date Total FMO financing
10/15/2018 USD 5.00 MLN
6/5/2018 USD 15.00 MLN
Region
Africa
Country
Uganda
Sector
Financial Institutions
Signing date
7/12/2013
Total FMO financing
USD 20.00 MLN
Fund
FMO
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk Environmental & Social Category
(A, B+, B or C)
B