Marcopolis

Tanzania Report

Developed in conjunction with Ext-Joom.com

Interviews7.28.2016

EFTA: A Tanzanian Finance Company Specialised in Serving SMEs and Farmers

Coy Buckley, CEO of EFTA
Coy Buckley, CEO of EFTA

EFTA - Equity for Tanzania

EFTA is a Tanzanian finance company specialised in serving small and medium enterprises and farmers. EFTA focuses on equipment loans of up to USD 80,000, with no collateral except for the equipment itself. It is the first company in Tanzania seeking to employ financial leasing to boost employment levels in the country and bring business growth opportunities to the “missing middle”, as Africa’s private sector is heavily made up of informal small enterprises who lack the formality and collateral requirements sought by commercial banks and therefore lack access to the finance they require to grow their businesses.