EFTA is an institution dedicated to small enterprises and producer groups that have outgrown microfinance but are unable to access bank finance due to prohibitive collateral requirements. The business model is based on a highly standardized financial lease product to finance equipment and machinery. The equipment provides a collateral substitute which allows EFTA to lend without collateral making this highly accessible and expanding access to finance considerably. EFTA uses a branch-based model, serving and maintaining relationships with the customer. The product is tailored to this market, with a three-year (maximum) repayment term and with the ability to modify the repayment schedule where strong businesses face temporary income shocks
