Project detail - EFC UGANDA LIMITED

EFC UGANDA LIMITED

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Who is our client

EFC Uganda Limited is focused on Micro and Small Entrepeneur (MSE) financing and was established in 2012 by Developpement international Desjardins (DID). DID is a subsidiary of Desjardins Group, the largest cooperative financial group in Canada. For more than 40 years, DID has been working with developing and emerging countries towards the goal of sharing the expertise and experience of Desjardins Group. EFC Uganda Limited obtained the Microfinance Deposit-taking Institution status from the Central bank in 2014.

Funding objective

This financing will enable EFC Uganda Limited to support job creation in Uganda. It will provide access to finance for MSEs in Uganda which will stimulate economic development and innovation. EFC Uganda Limited is a valuable addition to FMO's relationship with EFC in Tanzania and Zambia, as well as with DID.

Why we fund this project

EFC Uganda Limited is at the forefront of the microfinance services industry ensuring that entrepreneurs in the MSE sector have access to loans enabling them to finance and grow their businesses. The institution is considered one of the Uganda's fastest growing financial institutions and now employs 115 people and counting.

Website client
http://www.efcug.com
Region
Africa
Country
Uganda
Sector
Financial Institutions
Signing date
12/2/2015
Total FMO financing
USD 3.00 MLN
Fund
MASSIF
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)
C