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(EFCUL), also known as EFC Uganda, is a microfinance deposit-taking institution (MDI) in Uganda whose license was withdrawn and liquidated by Bank of Uganda on 19 January 2024.[1]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 December 2015[update], the institution maintained networked branches at the following locations:[10]