Company type | Private |
---|---|
Industry | Financial services |
Founded | 2012 |
Headquarters | EFC House, Plot 45 Kira Road, Kamwokya, Kampala, Uganda |
Key people | Charles Nalyaali Chairman Michael Ssekyondwa Managing Director |
Products | Loans, savings |
Total assets | UGX:112.8 billion (2021) |
Number of employees | 136 (2021) |
Website | efcug |
EFC Uganda Limited (EFCUL), also known as EFC Uganda, is a microfinance deposit-taking institution (MDI) in Uganda whose license was withdrawn and liquidated by Bank of Uganda on 19 January 2024. [1]
The headquarters of EFCUL are located at Plot 45 Kira Road, Kamwokya - Kololo 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. [2] The coordinates of the institution's headquarters are 00°20'12.0"N, 32°35'15.0"E (Latitude:0.336667; Longitude:32.587500). [3]
The institution opened in Uganda in June 2012 as Entrepreneurs Financial Center Limited, with one branch in Ndeeba in the Lubaga Division of Kampala. [4] In November 2014, EFCUL was awarded an MDI banking license by the Bank of Uganda, adopting the name EFC Uganda Limited. [5] As of December 2021, EFCUL owned assets of UGX:112.8 billion, with shareholders' equity of UGX:12.982 billion. At that time, the institution employed 136 staff. [6] EFCUL focuses on financing micro, medium, and small enterprises. [7] In December 2015, EFCUL received a loan of UGX:10 billion for onward lending to micro, small, and medium-sized businesses. [8]
As of August 2016, the shareholding in the stock of the company was as depicted in the table below: [9]
Rank | Name of Owner | Percentage Ownership |
---|---|---|
1 | Développement international Desjardins of Canada | |
2 | AfricInvest Financial Sector Limited of Mauritius | |
3 | Uganda Gatsby Trust of Uganda | |
4 | BIO of Belgium | |
5 | Bamboo Financial Inclusion Fund of Mauritius | |
6 | ASN-Novib Microcredit Fund of the Netherlands | |
7 | EFC Uganda Employee Stock Ownership Fund [4] | |
8 | EFC Uganda Customer Stock Ownership Fund [4] | |
Total | 100.00 | |
As of December 2015 [update] , the institution maintained networked branches at the following locations: [10]
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