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funding gap emerging markets
Zambia

Agora Microfinance Zambia

  • Moringaway
  • Invest in a Financial Institution
  • + 179 other investors
  • With a loan of EUR 100,400 AMZ will be able to provide loans to 10 trading and wholesale businesses in order to expand.

    €100,400
    Amount
    3.50%
    Interest
    12 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€100,400
    Interest3.50%
    Maturity12 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 2 hours on 9 January 2019.

      Summary

      Agora Microfinance Zambia Limited (AMZ) was established in 2011 with the objective of providing financial services to the financially excluded (largely rural) population of Zambia. ​

      During 2011-2017, AMZ has established 6 branches, created a clientele of almost 17,000 households, and as at end 2017, succeeded in achieving two consecutive years of full financial profitability.

      With this loan, AMZ (with parent company Moringaway as investee) will be able to provide loans to 10 entrepreneurs in Zambia. All companies are trading and wholesale businesses. The clients are:

      Alinani Ngambi General Dealers:

      The business was established in August 2010 as a trading business with an initial investment of ZMW 20,000. They trade in all merchandise. The business has grown with a net value of ZMW 1,238,000.

      Chwab General Dealers:

      The business was established in 1997 with an initial investment of ZMW 2,000. The business has grown and the client has now two grocery businesses and has managed to build 4 houses and a shopping complex. The business is now valued at ZMW 1,100,000.

      God's Time Transporters:

      The business was established in 2009 in Kaoma district (about 400 kilometers from Lusaka). They currently have two shops and are also in transport business.

      Kawamu Best Price:

      The client established the first shop in 1997 with initial investment of ZMW 800 by Mr. Bernard Malama Kawamwilu. Currently the client has 3 shops and 16 retail spaces which he is renting out. The business is now valued at ZMW 1,500,000.

      Tetemak General Dealers:

      The client currently has three shops in Mongu (Western Zambia). He is also a distributor for soft drinks. The entire business is valued at ZMW 1,326,000.

      Genuine Service Agents:

      The business is owned by Margret Phiri. She has two lines of business – retail shop for groceries and a restaurant. The two businesses are valued at ZMW 887,000.

      M'Bros General Dealers:

      The business was established in 2013 with an initial investment of ZMW 50,000. The business is now valued at ZMW 2,194,000. The client has a hardware shop and a wholesale shop for general merchandise.

      Zaneva General Dealers:

      The business was established on 15th November 2013 in Mumbwa district (150 kms west of Lusaka) with a starting equity of ZMW 15,000. The client has a very big wholesale shop with stock valued at ZMW 1,077,000.

      Domita Supermarket:

      The retail outlet was established by Mr.  Michael Mulenga in 2005 with equity of ZMW 50,000. Currently he is running two outlets in Mkushi district (about 300 kms north of Lusaka). The two businesses are valued at ZMW 1,174,000.

      Modesty Enterprises:

      The client is running a retail outlet for electronic gadgets (laptops, phones, computer and accessories etc ). The business was established is 2013 with an investment of ZMW 25,000. The business is still small with net value of ZMW 90,000.

       

      Company nameAgora Microfinance Zambia
      CEOAlinani Ngambi
      Founded2010-08-25
      LocationKabwe
      SectorWholesale / Retail
      Turnover€1,906,480
      Employees121

      Impact

      There is currently no information available for this section. Check the Summary tab for more details.

      • With this investment 10 jobs are created
      • With this investment 50 lives are improved

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      We have already contributed to Agora Microfinance Zambia

      Gerard de Jong
      Boudewijn Gailliaert
      Menne Glas
      Juul Slot
      Frans Wittenberg
      + and another
      179
      investors