Our Mission
EFKen seeks to create employment opportunities within the Kenyan economy by empowering SME businesses through access to affordable leases.
EFKen Leasing
EFKen Leasing Ltd (EFKen) is an equipment leasing company that was established in Kenya in 2020 by the Equity for Africa Group with a view to increasing access to finance to Micro, Small and Medium Enterprises. EFKen offers Equipment Financing Solutions to MSMEs on flexible tenors.
Who We Are
High Quality Asset Financing Solutions.
EFKen aims at providing both Operating and Equipment loans for equipment and machinery. The equipment and/or machinery financed is the only collateral required by EFKen. This expands access to finance considerably for SMEs and differentiates the EFKen financing model from those of the local banks and micro finance institutions.
EFKen is a leasing specialist institution dedicated to small enterprises and producer groups that have outgrown micro finance but are unable to access bank finance due to prohibitive collateral requirements and other bank lending policies that do not favor SMEs.
Our Vision
To be the finance partner of choice for Kenyan SME businesses looking to invest in assets to power their growth.
Quality Comes First
We make sure that every minute detail is looked into while leasing out even the smallest product.
Our focus is 100% on client needs and satisfaction.
Asset Financing
These are leases that transfer substantially all the risks and rewards of ownership, and give rise to asset and liability recognition by the lessee and a receivable by the lessor.
Operating Lease
Are leases that result in expense recognition by the lessee, with the asset remaining recognized by the lessor. All our leases will include service and maintenance contracts with the OEM or dealers for full the tenor of the lease. The cost of this and any other costs like insurance, tracking will be financed together with the assessor.
Our History
Built on a Decade of African Leasing Experience
EFKen's story begins with EFTA, EFAfrica Group's pioneering equipment finance business in Tanzania, and continues in Kenya today.
2005
EFTA is founded in Tanzania
Michiel Timmerman co-founds EFTA Ltd in Tanzania, pioneering equipment finance for small enterprises that lack conventional bank collateral.
2020
EFKen Leasing is set up in Kenya
EFKen Leasing Ltd is established in Kenya by EFAfrica Group with a view to increasing access to finance to Micro, Small and Medium Enterprises.
2020
EFAfrica Group holding structure
EFAfrica Group becomes the holding company for EFKen and EFTA, anchoring a group focused on SME equipment finance in East Africa.
Today
100+ businesses served
EFKen has offered leasing solutions to over 100 businesses across agriculture, dairy, agro-processing, logistics, milling and healthcare, from offices in Nairobi, Nakuru and Kisumu.
2020
EFKen set up in Kenya by EFAfrica Group
Our Core Values
The Principles That Guide Every Lease
Integrity
We advocate and demonstrate high levels of integrity in all aspects, including ethical conduct, transparency, respect, objectivity and accountability in discharging our duties.
Learning & Innovation
We embrace innovation in all undertakings of the company in terms of products and services design and delivery, to continuously learn and improve performance and operational efficiency.
Professionalism
We value and exercise professionalism in our daily business activities, demonstrated by constant pursuit, acquisition and deployment of technical knowledge and skills, and compliance with laws, regulations and standards.
Teamwork
We prioritize collaborative effort, mutual respect and shared responsibility to achieve common goals — valuing the collective power of working as a unit rather than individual efforts.
Diversity & Inclusion
We actively promote and value the presence of people from different backgrounds, identities and perspectives, ensuring everyone feels welcomed, respected and included within the workplace.
Governance Structure
Board of Directors
The Board of Directors at EFKen Leasing.
Michiel Timmerman
Chairperson
Michiel Timmerman co-founded EFTA Ltd in Tanzania in 2005 and EFAfrica Group, the holding company for EFKen and EFTA, in 2020. Michiel is the chairman of EFAfrica Group and Founder and Managing Partner of Mbuyu Capital Partners, an Africa-focused private equity investment manager. He is also a non-executive director of LAFCo Ltd, which finances working capital for SMEs in the African agriculture sector.
Jeremy Lefroy
Director
Jeremy Lefroy's work involves smallholder agriculture in Africa; supporting growth of jobs and livelihoods in the UK and East Africa; and working with partners to tackle infectious diseases. A chartered accountant (FCA), Jeremy has worked for 30 years in the coffee and cocoa business — including 11 in Tanzania. He co-founded the Biolands Group (now part of Barry Callebaut AG) and the Equity for Africa Group. He was a UK Member of Parliament (2010–19) and the UK Prime Minister's Trade Envoy to Ethiopia (2017–19). In addition to chairing the Relationships Foundation, Jeremy is vice chair of the Liverpool School of Tropical Medicine, and a Deputy Lieutenant of the County of Staffordshire.
John Jakobsson
Director
Mr. Jakobsson has 10+ years' experience in the banking, finance and investment industry. He started his career in London at RBS/NatWest in Leveraged Finance, later joining Rift Valley Corporation where he worked across operational and finance roles in agriculture and renewable energy. He serves as Investment Director at AgDevCo and is a Director of EFTA in Tanzania and EFKen in Kenya. He holds an MBA from the Stockholm School of Economics and a BSc (Hons) in Management from the University of Warwick.
Nicomed Bohay
Director
Mr. Bohay has over 25 years' experience in agricultural finance with a background in banking. Prior to joining EFTA as Managing Director, he was Managing Director at PASS, where he introduced the Agribusiness Innovation Centre and founded the PASS lease finance company to facilitate farmers' access to agricultural equipment. He previously served as Head of Agribusiness at CRDB Bank PLC. He holds a Bachelor of Business Management from the University of Mysore and an MBA from the University of Leicester.
Our Team
Management Team
Team spirit is knowing and living the belief that what the EFKen team can accomplish together is much larger, far greater, and will exceed that which an individual can accomplish alone.
Asenath Musungu
Head of Business Operations
Asenath brings over 12 years of experience in business development, strategy execution and operational leadership, with a deep commitment to financial inclusion and sustainable business growth. Before joining EFKen she served at Musoni Microfinance, rising from Credit Officer to Regional Manager, with a proven track record of building high-performing teams, expanding market reach and driving portfolio growth.
Stephen Wairobi
Senior Accountant
Stephen is an accomplished finance and accounting professional with over 13 years of experience in the microfinance and leasing industry, specializing in finance & accounting, administration, regulatory compliance and risk management frameworks. He holds a bachelor's degree in Finance and Accounting from Kenya Methodist University (KEMU) and is a Certified Public Accountant (CPA-K).
Jilson Waswa
Credit Analyst
Jilson is an experienced credit professional handling the credit risk function at EFKen, including management and monitoring of the portfolio. An Economics and Statistics graduate with over 6 years' experience across microfinance, retail, SME and corporate banking, he has previously worked with Victory Consultants, SMEP Microfinance Bank and Faulu Microfinance Bank in credit administration, credit risk analysis and project management.
Eliud Kipruto
Branch Manager — Nakuru
Eliud brings over 10 years of experience in credit and financial services, specializing in business development, credit structuring and portfolio management. He has driven the growth of the Nakuru branch through tailored asset financing solutions and strategic client relationships. Previously he worked with Juhudi Kilimo, rising from intern to Branch Manager, supporting smallholder farmers and entrepreneurs through asset-based financing.