EFC Zambia is a licensed deposit-taking microfinance institution regulated by the Bank of Zambia. Over the past 30 years, EFC has supported over 55,000 Micro, Small, and Medium Enterprises (MSMEs) across various sectors of the Zambian economy. One of EFC’s key value propositions is its Client Share Ownership Programme (CSOP). The CSOP is a unique incentive scheme exclusive to EFC, offering borrowing clients the opportunity to become part-owners of the institution.
Under the scheme, borrowers who successfully repay their loans on time qualify for an incentive package. A portion of the interest paid over the tenure of the loan is paid back to the client through cash and shares. By offering a mix of shares and cash, EFC not only ensures instant rewards but also encourages clients to invest for the future, ultimately fostering financial resilience. Beyond repayment incentives, the program underscores EFC’s broader vision of empowering and building stronger financial habits among its customers.
EFC has, over the past five years, paid K6.5 million to over 1,700 clients through its innovative Client Share Ownership Programme (CSOP). This initiative underscores the institution’s commitment to promoting financial discipline and rewarding responsible borrowing, demonstrating how EFC invests in the financial well-being of its clients. The initiative is designed to build a culture of timely loan repayment while empowering customers to create long-term wealth and financial stability.
Through this forward-thinking initiative, EFC is reaffirming its role as a customer-focused financial institution that cares about the long-term success of its clients. The incentive program is more than a repayment reward – it is a tool for empowerment, wealth creation, and sustainable growth.
With such innovative solutions, EFC continues to cement its reputation as a trusted partner for businesses and individuals seeking financial stability and prosperity.