In September 2012, BOPE Fund acquired a participation in EFC Uganda, a Tier 4 microfinance institution. Similar to its peers, EFC Zambia and EFC Tanzania, the Company was established by DID according to their EFC model. While established as a non-regulated institution, the Company is currently applying for a deposit-taking license, to be regulated by the Bank of Uganda. The Company will focus on MSME in Kampala and its surroundings.
The purpose of the Entrepreneurs Financial Centre (EFC) Uganda is to provide increased access to specialized financial services for entrepreneurs while contributing to wealth creation, improvement of living conditions and development of the Ugandan Private sector. EFC Uganda, as its peers EFC Zambia and Tanzania, emphasizes local development through a collective ownership scheme.
EFC Uganda is a start-up, no outreach data available currently.