Agora Microfinance Zambia 6

With a loan of EUR 125,600 Agora Microfinance will be able to provide loans to 38 small businesses and impact the lives of around 250 people.

  • Local partner investment
  • 15 new jobs
  • 254 people reached



12 months



Annual interest



6 months

Repayment Interval
Fully funded in 7 days on 30 March 2020.
+ 360 other investors

AMZ aims to provide working capital to companies in Zambia, especially in rural areas.

Information document issuing entity (NL)

Information note issuing entity (BE)

This loan will be allocated to the 38 business located in Western, Central, Lusaka and Northern provinces in Zambia:

1. Paradise Marketing

The business is located 145 kilometers north of Lusaka (in Kabwe district) and is owned by Mr. Winston Makukula. He started the general merchandise business in 2002. The business has an annual turnover of ZMW 1,440,000 with 4 employees. This is the second loan they are getting from Agora Microfinance Zambia. The first loan was ZMW 80,000

2. Kalabi Investments Limited

Kalabi Investments was started by Mr. Ronald Lengwe in 2004. The business is located in Lusaka, Central Zambia. They are currently running lodges and real estate business. The company has an annuals sales of ZMW 1,623, 800 and has 8 employees.

3. Other Businesses

The other businesses being funded are Chandwe Musonda, Richard Chibanda, Shaloom City Two Mini mart, Beltech Supplies & Construction, A&H Happy Solutions, Robert Star pub, Lexonda General Dealers, Radona Rest House, Osort Corporate Procurement, Hadgeworth Marketing, Maleni Nakombe, Lillian Muchangani, Victor Chikanda General Dealers, Keligris Block Suppliers, Christopher Reuben Kamanga, Tambudzai Kalale, Kamawada General Dealers and Corner Shop.

Others are Emma’s Electronics World, Baku General Dealers, Uncle Steve Plastic Shop, Atusole Hide out pub, Ebenezer design, Fasam general dealers, Tekumwenzo trading, J.S.K Investments, Kutwa Enterprises, Ndiyanu Mendosa trading, Cheap & best, Iyula Wachiya Investments, Camreen general dealers, Pulse Electrical, Onas K. General Dealers, Chambakale, Evonny Fisheries and Solein Suppliers.

The benefiting businesses have a combined annual sales turnover of ZMW 62,428,571 and employs a total of 254 people. They cover over 47,000 people in different operational area. The businesses vary from general trading, lodges & guest houses, agro-dealers, transportation, school, construction, food processing and real estates.

Company nameAgora Microfinance Zambia 6
CEOWinston Makukula
LocationKabwe, Zambia
SectorWholesale / Retail

Impact of this project

  • With this investment 15 jobs are created
  • With this investment 254 people are reached

About the investment

TypeLocal partner investment
Funding target€125,600
Annual interest3.50%
Maturity12 months
Repayment IntervalSemiannually
Terms and conditionsShow
Note termsDownload
Information document issuerDownload

About the risks

What are the risks of investing money?

The risk level depends on the specific project. Local partners cover the risk of currency exchange rates and defaults on Local Partner investments. They do this by maintaining financial reserves for this purpose. Aside from that, there is an option to claim their equity if needed. While these measures are intended to minimize the risk to investors, our local partners face risks of their own that could affect their ability to secure your investment. These include - bankruptcy - currency exchange rates - fraud - operational risks - political and regulatory changes - natural disasters or epidemics.

With direct investments, risks of default are not covered. As the risks are higher, so are the interest rates.

There is also some operational risk at Lendahand. An example might be that Lendahand is unable to find shareholders to finance their activities. In such a case, Lendahand will handle outstanding investments at the best of its ability. At the same time, our ability to legally address non-payment from local partners becomes understandably difficult.

How does Lendahand minimize the risks?

Every local partner must share our social mission to ensure local entrepreneurs can access affordable financing, allowing them to grow their business. Local partners must also have a 'track record'; they must have proven themselves as a reliable credit provider for SMEs.

For instance, this means a solid credit portfolio and enough buffers and equity to compensate for unexpected downturns. We also check the organizational structure of the portfolio company and how robust their (internal) procedures are. Finally, the investments must be in proportion to the total balance of that portfolio company. A healthy balance between effectuating influence and being independent is crucial. If you would like to receive more information on the financial indicators we employ, please contact us via

When currency exchange risks become too high for a local partner, Lendahand will urge the local partner to cover these risks. In some scenarios, the local partner is contractually obliged to comply with these demands.

Lendahand always conducts due diligence when companies request funding. The results can be downloaded on the project detail page. However, this analysis is not investing advice.

Does Lendahand provide a guarantee?

Usually we don't. Local partners take care of the repayment, even if (some) entrepreneurs are unable to do so themselves. If the local partner is for some reason unable to repay then there is a chance of partial or full loss of your money. For this reason, Lendahand only selects financially solid partners based on strict criteria.

For most direct investments, there is no guarantee. However, currency risks are covered.

Sometimes, and only for some direct investments in Africa, our partner Sida, part of the Swedish government, will guarantee a maximum of 50%. Read here more about guarantees with Sida. Projects with Sida guarantees are indicated explicitly on the project page.

Does Lendahand have a license or exemption?

Yes. The Dutch Authority Financial Markets (AFM) has provided Hands-on B.V. (with trade name 'Lendahand') in September 2016 with an investment firm license in accordance with article 2:96 of the Financial Markets Supervision Act (Wft). Placing orders on Lendahand's website is therefore an AFM regulated activity. Lendahand also meets its minimum capital requirements following its license as required by De Nederlandsche Bank (DNB).

Lendahand uses an exemption from an approved prospectus that is available up to EUR 5 Million per year. 

How safe are my personal details?

We adhere to strict safety requirements concerning private and payment details. All sensitive data is sent through an encrypted connection (https). Also, information is stored (encrypted) in a secured facility provided by AWS: the world’s largest hosting service. A secured connection and multi-factor authentication can only retrieve customer documents.

What happens if the local currency devaluates?

Our local partners and companies bear the exchange rate risks. We settle the investments, redemptions, and interest payments in euro.

Does Lendahand use a third foundation fund?

Lendahand works with Intersolve EGI: a Dutch financial institution specializing in payment settlement and electronic money. To be able to offer these financial services, Intersolve EGI must comply with the applicable financial legislation. Intersolve EGI is therefore supervised by De Nederlandsche Bank (DNB) and the Netherlands Authority for the Financial Markets (AFM) and owns a license to act as an Electronic Money Institution (and therefore also has a license as a Payment Institution). Your money will be deposited on a protected and secure bank account until the project you have invested in has been fully funded. Intersolve has no access to these funds. Once the project is fully funded, the money is transferred to the local partner or company in question.

What happens with my money if Lendahand goes bankrupt?

If Hands-On BV (containing the brand name Lendahand) went bankrupt, trades between Lendahand and payment service provider Intersolve EGI would cease immediately. Intersolve will then transfer the funds in your wallet to your bank account (Note: if at this time the project you have invested in has been fully funded and the money has thus been transferred to the local partner, these funds will not be transferred back to your bank account). Intersolve will then, in consultation with a trustee, handle all repayments between the investors and entrepreneurs until the final repayment of the last project has taken place.

Additionally, Lendahand is part of the investor compensation scheme (ICS). This scheme aims to compensate individuals and small businesses with trusted money and or financial instruments (such as notes or options) to a licensed bank, an investment firm, or a financial institution. In case the financial firm is unable to meet its obligations arising from claims related to the investment service (in other words, if Hands-On BV is not keeping track of the acquired notes by investors in the Wge depot correctly). The ICS guarantees an amount of up to €20.000 per individual. For more information, go to

Why is Intersolve EGI handling my money?

As part of the AFM license for investment firms, it is required that operational activities carried out by Lendahand (maintaining the website, contracting of local partners, legal issues, etc.) are strictly separated from financial transactions (payments made through the website). Intersolve takes care of the costs. This collaboration offers you more security since your money is placed on a protected bank account immediately after making your payment.

What happens when a local partner goes bankrupt?

When a local partner goes bankrupt, there’s a chance you’ll lose (part of) your money. Lendahand will try to recover outstanding payments, but the success rate is limited in such situations. For you, as an investor, there’s no possibility of taking action against the financial institution. Therefore, it is recommendable to choose several different projects.

About Moringaway

Portfolio Overview€3,451,249
Equity / total assets39.00%
Write-off ratio last 12 months0.00%
% investment amount in arrears (>90 days)0.00%

We have already contributed for Agora Microfinance Zambia 6

Dirk Rentmeester
Thomas Maas
Cees van Iperen
Frank Fekken
+ and another