The project

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 32 entrepreneurs in Zambia. All companies are trading and wholesale businesses. The average loan is EUR 5,100 per company. Most entrepreneurs are situated in Lusaka (17), the other 15 companies can be found in the Kaoma district and Mumbwa district.