Type Private Products Loans, savings Headquarters Kampala Number of employees 121 (2015) | Industry Financial services Website Homepage Founded 2012 | |
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Key people Charles Nalyaali
chairman
Claude Lafond
managing director Total assets UGX:26.8 billion (2015) | ||
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. EFCUL lends primarily to small enterprises.
Contents
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. The coordinates of the institution's headquarters are 00°20'12.0"N, 32°35'15.0"E (Latitude:0.336667; Longitude:32.587500).
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. In November 2014, EFCUL was awarded an MDI banking license by the Bank of Uganda, adopting the name EFC Uganda Limited. 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. EFCUL focuses on financing micro, medium, and small enterprises. In December 2015, EFCUL received a loan of UGX:10 billion for onward lending to micro, small, and medium-sized businesses.
Shareholding
As if August 2016, the shareholding in the stock of the company was as depicted in the table below:
Branches
As of December 2015, the institution maintained networked branches at the following locations:
- Kololo Branch - Ground Floor, Acacia Place Building, 6 Acacia Avenue, Kololo, Kampala
- Ndeeba Branch - Master Wood Plaza, 1156 Kampala-Masaka Road, Ndeeba, Kampala Main Branch
- Kireka Branch - 1525 Kampala-Jinja Road, Kireka
- Nansana Branch - Kampala-Hoima Road, Nansana
- Nateete Branch - 1396 Kampala-Masaka Road, Nateete