
The EFC Women Market Trader Loan is specifically designed for women entrepreneurs who need fast and efficient small loan services. It may be used to finance a wide range of activities including working capital, equipment purchases, investments and agricultural supplies to name a few. The product is aimed at improving women’s livelihood by empowering micro entrepreneurs financially.
Product features;
- Minimum loan amount starting from Ugx 1,000,000
- Convenient repayment period from 6 – 18 months
Benefits of financing with EFC Uganda
- Competitive rates calculated on a reducing balance
- Lower interest rate for repeat loans
- Quick and easy access to credit
Eligibility;
- The borrower must be an entrepreneur or merchant, or other legal entity engaged in income-generating activities
- Be of the age of majority
- Have at least 6 months experience in the same business;
- Be able to demonstrate competence and expertise in the particular business sector
- Demonstrate capability of operating a business profitably
- Have a guarantor
- Have collateral (e.g business equipment, vehicle, house or land)