EFC Uganda Limited

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EFC Uganda Limited
Company typePrivate
IndustryFinancial services
Founded2012
HeadquartersEFC House, Plot 45 Kira Road, Kamwokya,
Kampala, Uganda
Key people
Charles Nalyaali
Chairman
Michael Ssekyondwa
Managing Director
ProductsLoans, savings
Total assetsUGX:112.8 billion (2021)
Number of employees
136 (2021)
Websiteefcug.com

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(EFCUL), also known as EFC Uganda, is a microfinance deposit-taking institution (MDI) in Uganda whose license was withdrawn and liquidated by Bank of Uganda on 19 January 2024.[1]

Location[edit]

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]

Overview[edit]

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]

Shareholding[edit]

As of August 2016, the shareholding in the stock of the company was as depicted in the table below:[9]

EFC Uganda Limited Stock Ownership
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

Branches[edit]

As of December 2015, the institution maintained networked branches at the following locations:[10]

  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[edit]

References[edit]

  1. ^ "BoU closes EFC Uganda Limited". Monitor. 2024-01-19. Retrieved 2024-01-19.
  2. ^ 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.
  3. ^ Google (12 August 2016). "Location of the Headquarters of EFC Uganda Limited" (Map). Google Maps. Google. Retrieved 12 August 2016.
  4. ^ a b c EFCUL (12 August 2016). "EFC Uganda: Who We Are". Kampala: EFC Uganda Limited (EFCUL). Retrieved 12 August 2016.
  5. ^ 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.
  6. ^ Lafond, Claude (31 December 2015). "Managing Director's Message". Kampala. Retrieved 12 August 2016.
  7. ^ EFC Uganda Limited (27 June 2016). "EFC Uganda Limited: Advertisement for Three Staff Positions". New Vision. Kampala. Retrieved 12 August 2016.
  8. ^ Mark Keith Muhumuza (4 December 2015). "SMEs to benefit from Shs10b Dutch government loan". Daily Monitor. Kampala. Retrieved 12 August 2016.
  9. ^ EFCUL (12 August 2016). "EFC Uganda Limited: List of Investors". Kampala: EFCUL. Retrieved 12 August 2016.
  10. ^ EFCUL (12 August 2016). "EFC Uganda: About Us: Contact Us". Kampala: EFC Uganda Limited (EFCUL). Retrieved 12 August 2015.

External links[edit]

00°18′37″N 32°34′37″E / 0.31028°N 32.57694°E / 0.31028; 32.57694

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