Agora Zambia was founded in 2010 and is part of the international Agora network. It is AMZs goal to supply affordable financing for households and entrepreneurs in Zambia. AMZ has a license as a Non-Deposit Taking Microfinance Institution from the Central bank of Zambia since April 2011.

Maluba Handahu-Wakung’uma has been active in lending for 20 years. She co-founded AMZ in 2010 and had been in charge as CEO, until January 2014. Currently, she is responsible for the expansion of the SME lending program. Maluba studied "Development Studies" at the University of Zambia and has a Master's degree in "Small Business Planning and Promotion".

General information

BorrowerAngora Microfinance Zambia
Head officeLusaka
Founded 1 January 2011
Active on Lendahand since 1 October 2015

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Financial information per 2018-03-31

Number of companies in portfolio224
Total assets€2,913,069
Leverage ratio26.87%
Write-off ratio last 12 months0.11%
% investment amount in arrears (>90 days)0.87%
% investment amount in arrears (>180 days)0.09%

About Zambia

The Zambian economy used to be largely dependent on copper mining. The copper reserves are however depleting. Three quarters of the population is active in agriculture, which is good for 31% of the GDP. The main crops are corn, sugar, tobacco and sunflower seeds. In 1991 Zambia became a republic.