EFTA Ltd logo — Equipment Loans

EFTA Ltd

Equipment Loans

Founded 2004 Tanzania Moshi, Tanzania 69 employees Venture round Total: $18.90M Finance, Financial Services

General Information

Company Name EFTA Ltd
Founded Year 2004
Location Tanzania Moshi, Tanzania
Employees 69
Industries Finance, Financial Services
Funding Stage Venture round
Social

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About EFTA Ltd

EFTA Ltd is a Tanzanian finance company that focuses on providing equipment loans to small and medium enterprises and farmers. Founded in 2004, the company has gained recognition in the industry and has received a significant $12.00M Venture Round investment on 24 August 2020 from Mennonite Economic Development Associates, KfW, and Small Foundation. EFTA's approach stands out as it does not require collateral for loans up to USD 100,000, relying solely on the equipment itself. This distinct strategy addresses a key constraint on small enterprise borrowing levels, allowing their customers to pursue more ambitious growth plans. The company's efforts are directed towards using financial leasing as a means to boost employment levels in Tanzania and bring about business growth opportunities for the "missing middle." Operating from its headquarters in Moshi and with offices across the country, EFTA serves entrepreneurs within a two-hour drive time of these locations. The company's mission is to offer financial solutions that are specifically tailored to the needs of the local market, particularly the informal small enterprises that make up a significant portion of Africa's private sector. EFTA aims to bridge the finance gap these businesses face due to the lack of formality and collateral requirements imposed by traditional commercial banks. EFTA specializes in the finance and financial services industries and has been able to attract notable attention from investors and industry observers.

Business keywords: finance company, equipment loans, Tanzania, small and medium enterprises, farmers, financial leasing, collateral-free loans, employment, African private sector, informal enterprises, small enterprise financing, entrepreneurship, equipment financing, agricultural processing

Funding Rounds & Investors (4)

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Funding Stage Amount Investors Lead Investors Date
Venture Round $12.00M 3
Mennonite Economic Development Associates, KfW +1
24 Aug 2020
Debt Financing $5.00M 1
AgDevCo
01 Jan 2015
Venture Round €258.00K 1
Hooge Raedt Social Venture
01 Jan 2013
Venture Round $1.65M 1
AHL Venture Partners
01 Jan 2012

EFTA Ltd Alternatives & Competitors

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EFTA Ltd vs

التأجير التمويلي وتمويل الاصول الانتاجية والاستهلاكية والتمويل النقدي وتمويل العقار للأفراد والمنشآت...

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EFTA Ltd vs
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EFTA Ltd vs
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FAQ About EFTA Ltd

Equipment Loans
EFTA Ltd was founded in 2004.
EFTA Ltd is headquartered in Moshi, Tanzania.
EFTA Ltd operates in Finance and Financial Services. Its work centres on finance company, equipment loans, Tanzania and small and medium enterprises.
EFTA Ltd has approximately 69 employees.
EFTA Ltd has completed 4 funding rounds, raising a total of $18.90M. The latest funding stage is Venture round.
Top alternatives and competitors to EFTA Ltd include Abdul Latif Jameel United Finance, Bizloan, Krea, Finova Capital, NeoGrowth Credit Pvt. Ltd.. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
EFTA Ltd and Abdul Latif Jameel United Finance are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for EFTA Ltd, https://bouncewatch.com/company/efta-ltd, updated 25 November 2024. When citing, please name BounceWatch and link this page.

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