EFTA financed its first lease in 2004, and over the following five years we invested a total of USD 500,000 across 75 investments in small businesses from our first branch in Moshi in Northern Tanzania. This pilot phase proved the business case for our core business. Given the commercial potential and the large market size that was evident during this initial phase, Equity for Africa agreed to commercialize EFTA to invest in for-profit capital. In November 2010, Equity for Africa was selected as a winner of the Group of 20’s SME Finance Challenge, presented by Barack Obama at the Seoul Summit in South Korea. EFTA currently has branches in Mwanza, Bukoba, Arusha, Moshi, Mbeya and Morogoro. Most recently, a branch opened in Dar es Salaam with a view to working with exclusive suppliers as EFTA expands into this significant new market and to limit initial customer demand. By becoming an approved equipment supplier for our leases, suppliers find that they no longer have to turn away SMEs who do not have the cash outright to purchase their equipment, or who do not qualify for a traditional bank loan.The customer then contacts their preferred equipment suppliers to request pro forma invoices for the equipment they require, which are included in their application. EFTA thoroughly vets all its customers, investing in reliable applications only. We have different supplier tiers. For the suppliers we partner closely with, EFTA seeks to sign ‘Preferred Supplier Agreements’. We aim to work together to actively co-market equipment, producing joint adverts or marketing material.

For more information about these vacancies opportunities announced and how to apply, please download attachment PDF document below

DOWNLOAD ATTACHMENT PDF DOCUMENT HERE

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