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EFC CELEBRATES 5 YEARS OF OPERATIONS IN ZAMBIA
Thursday, 29 May 2014 10:16
 

 

EFC CELEBRATES 5 YEARS OF OPERATIONS IN ZAMBIA

Over the last 5 years in Zambia, EFC has continued to expand its operations and is currently operational with a branch in Chipata, Eastern Province, Kitwe on the Copper belt Province, 5 branch outlets spread out in Lusaka Province and 4 business loan centers situated in Ndola, Kafue and Lusaka specifically in Chilenje and Soweto Market.


EFC has in the last 5 years grown its portfolio to over K 92 million from K 2 million recorded at the end of 2008.EFC Chairperson Nathan De Asis said this represents a client base of over 22,000 with the company reaching about 100,000 SMEs and female market traders in the period under review. He said this during  a cocktail for customers, members of staff and board members held at Radisson Blu on 21st May,2014.


Chief Executive Officer Ghislain Belanger said the continued expansion of EFC as a whole was based on the need to meet the increasing customer demand for access to Financial services and as such the development has also enhanced financial inclusion. He said this shortly after introducing part of the original 20 members of staff than has now grown to nearly 300 employees as at 31st March,2014.

Also attendance was Ms. Anne Gaboury, president of Desjardin International Development (DID) and representatives from various cooperating partners and shareholders as well as Board Members and CEOs from EFC Tanzania and Uganda.


Five years on, with 7 branches and 4 business loan centers EFC continues to be the preferred partner for small and medium enterprises in Zambia. More than ever before, EFC Zambia is committed to delivering quality products and services to its growing clientele.  Further our being awarded ‘The best SME Organization of the year 2013’ by the Zambia Institute of marketing (ZIM) on Friday 8th November, 2013 at the annual awards gala held in Livingstone at the Zambezi Sun is affirmation of our commitment to be the micro-finance partner for MSEs.

 
EFC LAUNCHES KALINGALINGA BRANCH
Thursday, 29 May 2014 09:36

 

 

EFC LAUNCHES KALINGALINGA  BRANCH


Under the guidance of Chief Executive Officer Ghislain Belanger, EFC Zambia successfully launched the new Kalingalinga Branch in Lusaka. The branch located at Chimutengo Business Palour on Alick Nkhata Road is the 5th branch in Lusaka. With Kalingalinga Branch EFC Zambia now has 7 branches and 4 business loan centers spread in Lusaka, Chipata, Kitwe and Ndola

Being strategically located, the branch will to serve the needs all those people who are living and trading around the in areas of kalingalinga, Mutendere, Kabulonga, and Munali and surrounding areas.


In attendance as guest of honor was the Bank of Zambia Assistant Director – Inspections for Non –Bank Financial Institutions Supervision, Mr Zifa Mphande.


Speaking at the event, Mr Mphande applauded the EFC Board of Directors and management team for continued prioritization of provision of financial services to MSEs. He further said that on its part, the Bank of Zambia (BOZ) will continue steadfastly with its four pronged approach namely advise, cultivate partnership, develop and regulate the market.  This approach will guarantee innovative policies that work for the market and ensure financial inclusion for all Zambians and also the market’s stability.

 
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