DFCU BANK LTD
Status: Completed investmentWhy disclosure?
FMO is committed to making publicly available relevant investment information that informs stakeholders and enables them to engage directly with FMO on its investments which, in turn, enhances our investment decisions, the design and implementation of projects and policies, and strengthens development outcomes. Learn more
In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
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.
What is our 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 do we fund this investment?
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 |
|---|---|
| 5/7/2021 | USD 5.00 MLN |
| 6/15/2023 | USD 15.00 MLN |
- Region
- Africa
- Country
- Uganda
- Sector
- Financial Institutions
- Effective date
- 7/12/2013
- End date
- 11/25/2019
- Total FMO financing
- USD 20.00 MLN
- Funding
- FMO NV
-
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