EQUITY FOR TANZANIA LIMITED (EFTA)

Our social impact
livelihood
IMPROVED LIVELIHOODS

EFTA’s agribusiness lessees supported 1,799 FTE jobs at the end of 2016.
Lift in income
UPLIFT IN INCOME
EFTA agribusiness lessees paid out over $2,000,000 in wages in 2016.
Food security
FOOD SECURITY
EFTA will improve access to mechanisation, irrigation and processing equipment for SME businesses, indirectly improving food security.
Community
IMPROVED COMMUNITIES
EFTA has office branches in seven locations, including Dar es Salaam, with plans to expand further to support entrepreneurs within a two-hour drive of its locations.
Overview
The Challenges

Tanzania’s private sector is predominantly made up of informal, small enterprises unable to access finance to grow their businesses, as they lack the necessary formality and collateral required by commercial banks. EFTA seeks to use financial leasing to boost employment levels and business growth opportunities for the “missing middle”. By lending in Tanzanian shillings, implementing a zero collateral approach, using alternative credit assessment methods and standardising investment appraisals, EFTA can provide finance more effectively to SME businesses.     

Our Approach

AgDevCo has invested $5,000,000 in EFTA to provide funding for its next expansion phase. AgDevCo’s investment is split between equity, to strengthen EFTA’s balance sheet and provide core capital, and debt, which is required to provide EFTA’s financial leases. AgDevCo will also look to support EFTA’s future growth, which will involve raising further debt finance for the business.

Our Impact
  • Core funding, which enabled EFTA to be fully regulated by the Bank of Tanzania.
  • Further funds to be catalysed through strengthened balance sheet.
  • Increase in mechanisation though access to equipment.
investment
$5,000,000
Committed Investment
We believe we can deliver more impact by making investments that help responsible agribusinesses grow.
If you believe your business meets our investment criteria, we want to hear from you.
Contact us