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DCFU-Tier 2

Sector: Commercial • Location: Uganda

Source: International Finance Corporation (IFC)

Project
Completed

The project is to provide DFCU Limited (DFCU or the company) with Tier II capital of up to $5 million. The objective of the project is primarily to strengthen the capital base of DFCU so that it can expand its loan portfolio in critical sectors – SMEs and mortgages.DFCU is both an operating company that provides term finance and mortgage finance products, and a holding company with the following 1

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Project Information

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The project “DCFU-Tier 2” is an infrastructure initiative in the Commercial sector, located in Uganda. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

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Status

Original status

completed

Taiyo status

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Description

Description

The project is to provide DFCU Limited (DFCU or the company) with Tier II capital of up to $5 million. The objective of the project is primarily to strengthen the capital base of DFCU so that it can expand its loan portfolio in critical sectors – SMEs and mortgages.DFCU is both an operating company that provides term finance and mortgage finance products, and a holding company with the following 100% owned subsidiaries – DFCU Leasing Limited and DFCU Bank Limited (the Bank). It also owns 67% of two investment property companies, Rwenzori Properties Limited and Nakasero Properties Limited. They are collectively referred to as the DFCU Group (the Group). This investment in DFCU will be a continuation of IFC’s long-standing relationship with the most recent investment being a $10 million credit line in June 2005. IFC was a key shareholder in DFCU for over 20 years and exited its investment when it listed on the Kampala Stock Exchange in October 2004.

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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