EFC THE FIRST MICROFINANCE INSTITUTION IN ZAMBIA TO BE RATED ‘A’

 

By Daily News Reporter

The Entrepreneurs Financial Center (EFC) has achieved a remarkable milestone by being officially rated 'A' by Premier Rating Services, making it the first Microfinance Institution in Zambia to attain such a prestigious rating. This achievement reflects the dedication and collaborative efforts of EFC's staff members.

Mrs. Hellen Samatebele, Director of EFC Zambia, expressed her gratitude for the rating, emphasizing that it underscores the institution's commitment to strong risk management and governance practices. She highlighted EFC's focus on aligning with best practices beyond mere regulatory compliance, indicating a proactive approach to financial management.

Moreover, Mrs. Samatebele noted that EFC has developed a diverse range of products tailored to meet the needs of various players in the Micro, Small, and Medium Enterprises (MSME) segment. This demonstrates EFC's responsiveness to the evolving needs of the business community and its commitment to supporting MSMEs.

Furthermore, Mrs. Samatebele emphasized EFC's dedication to building capabilities, resilience, and passion for serving the MSME sector, signaling the institution's long-term commitment to fostering economic growth and development.

In light of this achievement, Mrs. Samatebele called upon stakeholders to collaborate with EFC to empower small businesses and positively impact Zambia's economy. This collaborative approach underscores the importance of partnerships in driving sustainable economic growth and fostering entrepreneurship.

On behalf of EFC's Chairperson, Dr. Leo Chimuka Haamukwanza, Mrs. Samatebele conveyed the institution's commitment to continued excellence and innovation in serving the needs of MSMEs.

Additionally, Dionysius Makunka, CEO of Premier Rating Services, commended EFC for its outstanding achievement, highlighting the impartial and professional nature of the rating process. This recognition further validates EFC's commitment to excellence and reinforces its position as a leading Microfinance Institution in Zambia.

Overall, EFC's 'A' rating is a testament to its commitment to excellence, innovation, and responsible financial management, positioning it as a trusted partner for MSMEs and a driver of economic growth in Zambia.