ENTERPRISE AND FINANCIAL SUPPORT COMPANY LIMITED
Enterprise and Financial Support Company Limited (EFSCL) was incorporated on June 1st, 2001 as a private sector initiative conceived to play an active role in the small and medium scale sub-sectors of the Nigerian economy through the harnessing of various domestic and international funding and capacity building programmes for SMEs. The company commenced operations on 1st April 2002 and serves as a melting pot and a clearing house of ideas, training, grants and micro credits for the development and promotion of this vital sector of the economy.
The establishment of EFSCL is a concerted effort aimed at removing all the bottlenecks not only about SME financing but also about start-up challenges – from the preparation of objective, factual and reliable business viability report, to physical asset procurement, management, capacity enhancement through training and effective credit packaging. EFSCL is a place where business people can come with ideas and hope to turn such ideas into realities that will have the spin offs of profitability, job creation, financial comfort and overall value added to the Nigerian economy.
EFSCL was established with the complementary corporate objective of promoting and facilitating the process of establishment, operation and financial arrangement of SMEs in Nigeria.
At present, the collaborating participants in the formation of the company are Ibile Holdings Limited -perhaps the biggest institutional investor in the Nigerian capital market, Tradepoint Investments Limited – a foremost financial and management consulting firm, Industrial and General Insurance Company Limited (IGI) – the biggest indigenous insurance company in Nigeria, SKYE Bank Plc – one of the biggest and healthiest Nigerian banks, and LASACO Assurance Plc - one of the biggest insurance companies in Nigeria.
OUR SERVICES
EFSCL operates under two broadly defined fields: one that works with entrepreneurs to access funds and other productive implements and assets, and the other operates a social fund to provide support for young graduands and women’s cooperative as a part of national efforts to reduce poverty and reduce unemployment in Nigeria.
Our array of other services designed to meet your needs are as follows:
FINANCIAL INTERMEDIATION
We act as agent for the procurement of special funds for the operation of SMEs. EFSCL also intermediate in the sourcing of international funds and warehouse risks in such a way as to give comfort to potential lenders and thus facilitate the flow of money to SME sub-sector.
The company also provides a platform to funding institutions and agencies by providing them with acceptable basis and risks for their on-lending, poverty alleviation and skill enhancement activities. EFSCL also acts as a clearing house for evaluation and other services that can facilitate the set-up and operations of SMEs by way of research, statistics, feasibility studies, management consultancy, etc.
RAISING OF START_UP CAPITAL FOR NEW VENTURES
We raise start-up capital for new ventures through our direct individual and or joint equity participation. We also arrange debt instruments and advise on private issues. Also, we facilitate access to grant support from national and international agencies, development partners, both state and non-state, to build the capacity of members of the focal group towards the general development of SMEs, or specifically in the area of infrastructure procurement during start-ups.
CONSULTANCY, SKILL TRAINING & CAPACITY BUILDING SERVICES
EFSCL facilitates the set-up and operations of SMEs by way of research, statistics, feasibility studies, system design, management consultancy and arrangement of corporate services and banking relationship. We provide training and capacity building for small and medium enterprises and also provide the basic industry and sector information with thorough and complete business evaluation.
PROJECT AND TRADE FINANCE
We provide funds to entrepreneurs to execute profitable projects that have positive job creation effect, financial comfort and overall value added to the Nigerian economy. We also finance Local purchase orders and importation of goods especially capital goods and raw materials.
ASSET MANAGEMENT
EFSCL is well positioned to manage client’s asset on their behalf. We are always there for clients who find the day-to-day challenges of managing their assets too complex or time consuming. Our seasoned professionals will take adequate care of any client’s investment needs and goals. We also have discretional portfolio management services to meet the taste of our varied clientele. We structure and manage portfolios with client’s objectives and risk profile in mind.
ASSET AND EQUIPMENT LEASING
We provide assets and equipment on lease to satisfy our customers’ machinery and equipment needs. This could be through operating, finance or sale and lease back arrangement. It is tailor-made to suit your peculiar need and cash flow.
EFSCL has a capital base of N500 million ordinary shares of N1.00 each fully paid up.
THE VISION AND GOALS FOR THE FUTURE
Our vision is to nurture the dreams of the stakeholders by creating a good corporate and working environment conducive to the development of its human resources and achievement of its overall objective of jump-starting and assisting to grow the blue-chip businesses of the next decade and beyond.
For further information, call Seyi or Richard on 01-7733796, or call at our office;
Enterprise and Financial Support Company Limited,
3RD Floor, Kajola House Phase II,
62/64 Campbell Street
Lagos Island,
Lagos.
E-Mail- efscl@ibileholdings.com
