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 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 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 OperationsAsenath Musungu brings over 12 years of experience in business development, strategy execution, and operational leadership to her role as Head of Business Operations. Her career has been defined by a deep commitment to financial inclusion and sustainable business growth.
Before joining our team, Asenath served at Musoni Microfinance, where she held multiple key roles—rising from Credit Officer to Regional Manager. Her journey at Musoni was marked by a proven track record of building high-performing teams, expanding market reach, and driving portfolio growth through innovative credit and operational strategies.
Asenath's leadership is grounded in a strong understanding of client needs, market dynamics, and performance-driven processes. Her expertise continues to shape our operational excellence and customer-centric approach across all business functions.
Jilson Wafula
Credit AnalystJilson is an experienced Credit professional handling Credit Risk function in EFKen Leasing Ltd as well as management and morning of the portfolio. He is an Economis and Statistics degree graduate, SPSS and CCP ( in progress). He has has over 6 years experience in microfinance, Retail, SME and cooperate banking space.
He has worked with Victory Consultant,SMEP microfinanc bank, Nairobi Kenya, Faulu Microfinance Bank, Nairobi Kenya in various capacities in credit administration( including QA, MIS and Security perfection) , credit risk analysis and project management.
Stephen Wairobi
Senior AccountantStephen is a Senior Accountant at EFKen Leasing Ltd. He holds a Bachelor’s degree in Business Administration (Accounting & Finance option) and he is a Certified Public Accountant of Kenya (CPA-K).
He has extensive experience of over 12 years in Microfinance banking Industry specializing in Accounting, Finance & Administration.
The Directors
The Board of Directors at EFKen Leasing
Michiel Timmerman
Co-FounderMichiel 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
Co-FounderJeremy 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
DirectorMr. Jakobsson has 10+ years of experience in the finance and investment industry, with the last 7 years spent in Sub Saharan Africa representing family offices, private equity funds and impact investors. He holds a BSc with Honors in Management Studies from Warwick Business School and a Master of Business Administration from Stockholm School of Economics.
Nicomed Bohay
DirectorMr. Bohay has over 28 years of experience in agricultural finance, with a background in banking. He is currently the Managing Director at EFTA and serves as the Chief Operating Officer at EFAfrica Group Ltd. Previously, he was the Managing Director at PASS, where he established the Agribusiness Innovation Centre to incubate youth in agribusiness and founded PASS Lease Finance Company to improve farmers' access to agricultural equipment.
Mr. Bohay has also served as Head of Agribusiness at CRDB Bank PLC, and has been an active member of various advisory and investment committees, including the Investment Committee of SAGCOT CTF, the Tanzania Country Program Committee for EAGC, the Board of Trustees of AGITF, and the Technical Advisory Panel at TaCRI.
He holds a Bachelor of Business Management (BBM) from the University of Mysore, India, and an MBA from the University of Leicester, UK. Additionally, Mr. Bohay has completed extensive postgraduate training at institutions including the Kenyan School of Monetary Studies (Nairobi), Imperial College (London), Wits Business School (Johannesburg), and the University of Cape Town.