Equipment Leasing for Small and Medium Enterprises in Africa
About EFAfrica Group
Our Story
EFAfrica Group Ltd is a Mauritius-based equipment leasing company focused on small and medium-sized enterprises (SMEs) in Africa. With subsidiaries in Tanzania and Kenya, we provide flexible leasing solutions to help African businesses grow and succeed.
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We employ financial leasing to create jobs, boost incomes and bring business growth opportunities to the “missing middle”. Africa’s private sector is heavily made up of informal small enterprises that lack the formality and collateral requirements sought by commercial banks and therefore lack access to the finance”they require to grow their businesses.
Who We Are
Operating in Tanzania since 2011, EFAfrica Group Ltd is a leading financial services company in Africa, providing equipment leasing solutions to small and medium-sized enterprises (SMEs). Our team of experts has years of experience in the financial industry, and we are dedicated to providing exceptional service to our clients. We understand the challenges facing African businesses, and we are committed to supporting their growth and success. At EFAfrica Group Ltd, we believe in the power of financial innovation to drive economic development in Africa.
Our Vision
EFAfrica Group has a social mission, but we believe in business: both as the solution to poverty, and as the best method to get there. We aims to be the most efficient small business investor in our markets, focusing on the smart evaluation of risks and patient return on capital. By investing in local businesses, we fuel inclusive growth, promote jobs creation and encourage formality. Our product allows SMEs and farmers to obtain capital equipment without collateral so that their growth is no longer limited by the assets they already own. This is in addition to any bank financing they are able to access, complementing traditional banks to fuel additional growth.
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By focusing on a major unserved market, we also access an exceptional growth opportunity for our company. We firmly believe that good business goes hand in hand with economic development.
What We Offer
Equipment Leasing
We focus on equipment loans between $10k and $60k, but will go up to USD 600,000, with no collateral except the equipment itself. Customers pay 20%-40% up-front and we will lend for up to 4 years.
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The equipment allows us to make recoveries in case of default, which provides a repayment incentive.
Our equipment financing of productive equipment gives us assurance that the finance will be used in a business and allow repayments. We also serve clients who might not qualify for bank loans at all, using alternative credit assessment methods where audited accounts or banking history are not available.
Tanzania
EFTA, our subsidiary in Tanzania is present in 12 locations throughout the country and employs over 65 staff. We currently finance over 1,000 MSMEs and farmers. Since 2014 we have financed over $85m of equipment, which pour clients would not have been able to acquire without us.
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The business is regulated by the Bank of Tanzania as a leasing institution.
Zambia
Zambia is our newest country of operation. We currently provide leases over $250k to larger agricultural businesses and expect to be operational on the ground later in 2024.
Kenya
EFKen, our subsidiary in Kenya, established in 2020, is in three locations, in Nairobi and the Rift Valley and employs 12 staff. We currently finance over 30 leases to MSMEs and farmers. We have financed nearly $9m of leases, of which about 50% to the agriculture sector.
Why Choose EFAfrica Group Ltd
Deep Industry Knowledge
Our team of experts has extensive experience in the financial industry and MSME leasing, with a deep understanding of the challenges facing African small businesses and farmers. We use this knowledge to develop innovative solutions that meet the unique needs of our clients. These include day-old-chick financing and Islamic leases.
Years of Experience
At EFAfrica Group Ltd, we have years of experience providing financial solutions in our countries of operation. Our boards and senior management work or have worked at senior level in financial services, investment and the agriculture sectors in East and Southern Africa.
Local Expertise
With subsidiaries in Tanzania and Kenya, fully managed by local staff, we have deep local expertise and a strong understanding of the African markets in which we operate.
Contact EFAfrica Group Ltd
Our Address
EFAfrica Group Ltd
c/o Axis Ltd, 2nd Floor, The Axis,
Cybercity, Ebene 72201
Mauritius
In Kenya
EFAfrica Group Services Ltd
Roshenmaer House
Lenana Road
Nairobi
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Our leasing companies:
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In Tanzania
Equity for Tanzania Ltd (EFTA)
Mwanga Tower
Bagamoyo Road
Dar Es Salaam
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In Kenya
EFKen Leasing Ltd
Roshenmaer House
Lenana Road
Nairobi
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Our Email
info@efafricagroup.com