• About
  • Advertise
  • Privacy & Policy
  • Contact
Friday, May 27, 2022
District Focus
  • Home
  • Business
    • Technology
  • Life&Style
    • Health
    • Women
  • News
    • National
    • Religion
    • World
  • Opinion
    • Columnists
    • Letters
  • Sports
  • Video
No Result
View All Result
  • Home
  • Business
    • Technology
  • Life&Style
    • Health
    • Women
  • News
    • National
    • Religion
    • World
  • Opinion
    • Columnists
    • Letters
  • Sports
  • Video
No Result
View All Result
District Focus
No Result
View All Result
Home Business

EFC Uganda Limited (MDI) kick starts “SIMBULA LOANS NE EFC” Campaign

by District Focus
April 8, 2022
in Business, News
0
EFC Uganda Limited (MDI) kick starts “SIMBULA LOANS NE EFC” Campaign

(Left - Right) Shem Kakembo ,Managing Director of EFC and Denis Kibuuka Musoke,Executive Director launching the Simbula Loans ne EFC campaign at the EFC headquarters.

0
SHARES
28
VIEWS
Share on FacebookShare on Twitter

By AMBROSE GAHENE

EFC Uganda Limited (MDI) – Uganda’s fastest-growing microfinance institution on Thursday rolled out a campaign dubbed: “SIMBULA LOANS NE EFC.’’ The campaign is focused on enhancing the institution’s commitment of contributing to Uganda’s development and economic stability through key drivers like financial inclusion.

The country’s economic sector was heavily threatened by Covid – 19, a global pandemic. Businesses have struggled for the past 1.5 years and livelihoods have been constrained hence the urgent need for financial institutions to come up with favorable recovery solutions. Through products like Simbula loans ne EFC that are designed to provide quick and affordable loans, it is unquestionable that economic recovery will be more rapid than anticipated.

The Simbula loans ne EFC Campaign offers Business loans, Home improvement loans and Women Market Trader loans is introduced at such a great time when the financial sector is gathering pace to recovery.

While officially launching the Simbula loans ne EFC campaign, Mr. Shem Kakembo, the Managing Director of EFC Uganda emphasized that: “EFC Uganda is excited to provide easy access to borrowing at very affordable lending rates.’’

He added that: “While on the journey to becoming the largest and most preferred SME financial institution in Uganda by 2025, one of EFC Uganda ‘s key areas of focus is providing awesome customer experience.”

Shem Kakembo ,Managing Director of EFC (centre) poses for a picture with the EFC sales team during the Launch of the Simbula Loans ne EFC campaign at the EFC headquarters

Eligibility to loan customers requires that; a customer or prospect must be an entrepreneur or merchant, must be of age of majority, have at least six months of experience in the same business, demonstrate capability of operating a profitable business and must have collateral like business equipment, vehicle, house or land.

The minimum loan amount offered is five million Uganda shillings (5,000,000UGX) with a maximum repayment period of up to sixty (60) months.

The “Simbula loans ne EFC campaign” is targeting to extend loans close to UGX 13.5 Billion and will run for three months across all the EFC branches country-wide. Eligible Ugandans specifically Entrepreneurs, Homeowners, and all Women in business are encouraged to embrace the opportunity.

Comment on this story
Tags: FEATUREDMDISIMBULA LOANSUGANDAN NEWS
Previous Post

Ministry of Tourism teams up with domestic tourism players to promote Easter holiday’s getaway packages

Next Post

Uganda losing over 2 Bn Shillings in capital freight annually by foreign based companies – Experts

Next Post
Uganda losing over 2 Bn Shillings in capital freight annually by foreign based companies – Experts

Uganda losing over 2 Bn Shillings in capital freight annually by foreign based companies - Experts

ADVERTISEMENT
  • Trending
  • Comments
  • Latest
Covid-19:Uganda receives 1.6m doses of Pfizer vaccine

COVID-19: Vaccination Centres in Kampala, Wakiso, Mukono Districts[Released List]

September 27, 2021
Barcelona drag PSG to court, blocking Messi’s transfer

Barcelona drag PSG to court, blocking Messi’s transfer

August 9, 2021
Mbappe finally chooses next club

Mbappe finally chooses next club

August 9, 2021
Lions Clubs root for women empowerment through innovation

Lions Clubs root for women empowerment through innovation

March 12, 2022
Impassable Roads In Omoro, Residents Angry

Impassable Roads In Omoro, Residents Angry

11
Local Government Minister Angered by Delayed Works

Local Government Minister Angered by Delayed Works

7
BUNYORO REGION WELCOMES NEW HOIMA OIL CITY.

BUNYORO REGION WELCOMES NEW HOIMA OIL CITY.

4
Inter-District Movement Ban: Taxi Operators Create Stages Near District Boundaries

Inter-District Movement Ban: Taxi Operators Create Stages Near District Boundaries

2
NEMA, KCCA, AirQo Kickstart Air Quality Awareness Week

NEMA, KCCA, AirQo Kickstart Air Quality Awareness Week

May 6, 2022
Journalists decry digital media siege as they mark World Press Freedom Day

Journalists decry digital media siege as they mark World Press Freedom Day

May 4, 2022
Trying with purpose

Trying with purpose

May 3, 2022
GO FOR GOLD: Platform that helps SME owners grow robust business ventures

GO FOR GOLD: Platform that helps SME owners grow robust business ventures

May 3, 2022
ADVERTISEMENT
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Call us: :+256702579156
Email: info@districtfocus.co.ug

© 2021 District Fucus Ltd.

No Result
View All Result
  • Business
  • Life&Style
  • News
  • Opinion
  • Photography

© 2021 District Fucus Ltd.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist