• 1996

Company Description

EFC Zambia offers specialized financial services to Micro, Small and Medium entrepreneurs (MSMEs).

EFC Zambia (formerly PFSL) was founded by CARE Zambia, supported by DFID in 1996. Incorporated in 2001 it was registered as a charitable institution and converted to an LLC in 2006 under new microfinance regulation. CARE and DID reached a partnership agreement to raise new capital and bring professional management and technology in 2008 to develop it into a commercially viable MFI.