EFC Uganda Limited

EFC Uganda Limited (EFCUL), also known as EFC Uganda, is a microfinance deposit-taking institution (MDI) in Uganda. It is licensed and supervised by the Bank of Uganda, the central bank and national banking regulator.[1] EFCUL lends primarily to small enterprises.[2]

EFC Uganda Limited
TypePrivate
IndustryFinancial services
Founded2012
HeadquartersPlot 6 Acacia Avenue,
Kampala, Uganda
Key people
Charles Nalyaali
chairman
Shem Kakembo
Managing Director
ProductsLoans, savings
Total assetsUGX:26.8 billion (2015)
Number of employees
121 (2015)
Websiteefcug.com

Location

The headquarters of EFCUL are located at 6 Acacia Avenue on Kololo Hill in the Kampala Central Division, about 3.5 kilometres (2 mi) north of the central business district of Kampala, Uganda's capital and largest city.[3] The coordinates of the institution's headquarters are 00°20'12.0"N, 32°35'15.0"E (Latitude:0.336667; Longitude:32.587500).[4]

Overview

The institution opened in Uganda in June 2012 as Entrepreneurs Financial Center Limited, with one branch in Ndeeba in the Lubaga Division of Kampala.[5] In November 2014, EFCUL was awarded an MDI banking license by the Bank of Uganda, adopting the name EFC Uganda Limited.[6] As of December 2015, EFCUL owned assets of UGX:26.8 billion, with shareholders' equity of UGX:5.982 billion. At that time, the institution employed 121 staff.[7] EFCUL focuses on financing micro, medium, and small enterprises.[8] In December 2015, EFCUL received a loan of UGX:10 billion for onward lending to micro, small, and medium-sized businesses.[9]

Shareholding

As of August 2016, the shareholding in the stock of the company was as depicted in the table below:[10]

EFC Uganda Limited Stock Ownership
RankName of OwnerPercentage Ownership
1Développement international Desjardins of Canada
2AfricInvest Financial Sector Limited of Tunisia
3Uganda Gatsby Trust of Uganda
4BIO of Belgium
5Bamboo Financial Inclusion Fund of Mauritius
6ASN-Novib Microcredit Fund of the Netherlands
7EFC Uganda Employee Stock Ownership Fund[5]
8EFC Uganda Customer Stock Ownership Fund[5]
Total100.00

Branches

As of December 2015, the institution maintained networked branches at the following locations:[11]

  1. Kololo Branch - Ground Floor, Acacia Place Building, 6 Acacia Avenue, Kololo, Kampala
  2. Ndeeba Branch - Master Wood Plaza, 1156 Kampala-Masaka Road, Ndeeba, Kampala Main Branch
  3. Kireka Branch - 1525 Kampala-Jinja Road, Kireka
  4. Nansana Branch - Kampala-Hoima Road, Nansana
  5. Nateete Branch - 1396 Kampala-Masaka Road, Nateete
  6. Mukono branch

See also

References
  1. BOU (31 March 2016). "List of Licensed Microfinance Deposit-Taking Institutions (MDIs), As At March 2016" (PDF). Kampala: Bank of Uganda. Retrieved 12 August 2016.
  2. Tentena, Paul (12 December 2015). "FMO supports MSEs in uganda through EFC". East African Business Week. Kampala. Retrieved 12 August 2016.
  3. Globefeed.com (12 August 2016). "Distance between Post Office Building, Kampala Road, Kampala, Central Region, Uganda and Riders' Lounge, Kampala, Uganda". Globefeed.com. Retrieved 12 August 2016.
  4. Google (12 August 2016). "Location of the Headquarters of EFC Uganda Limited" (Map). Google Maps. Google. Retrieved 12 August 2016.
  5. EFCUL (12 August 2016). "EFC Uganda: Who We Are". Kampala: EFC Uganda Limited (EFCUL). Retrieved 12 August 2016.
  6. BOU (30 June 2015). "Bank of Uganda Annual Report for the Period 1 July 2014 Until 30 June 2015" (PDF). Kampala: Bank of Uganda (BOU). Archived from the original (PDF) on 20 August 2016. Retrieved 12 August 2016.
  7. Lafond, Claude (31 December 2015). "Managing Director's Message". Kampala. Retrieved 12 August 2016.
  8. EFC Uganda Limited (27 June 2016). "EFC Uganda Limited: Advertisement for Three Staff Positions". New Vision. Kampala. Retrieved 12 August 2016.
  9. Mark Keith Muhumuza (4 December 2015). "SMEs to benefit from Shs10b Dutch government loan". Daily Monitor. Kampala. Retrieved 12 August 2016.
  10. EFCUL (12 August 2016). "EFC Uganda Limited: List of Investors". Kampala: EFCUL. Retrieved 12 August 2016.
  11. EFCUL (12 August 2016). "EFC Uganda: About Us: Contact Us". Kampala: EFC Uganda Limited (EFCUL). Retrieved 12 August 2015.

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