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.
Randall Williams has extensive experience addressing the financial inclusion needs of base of pyramid customers. Prior to joining AMZ as CEO, Randall gained significant expertise in this field from his work in Fintech in Ghana, Malawi, Mozambique and Zambia. He also spent ten years with Bank of Nova Scotia, three of which were dedicated to improving the livelihoods of MSME clients in Guyana, South America.
|Borrower||Agora Microfinance Zambia|
|Founded||1 January 2011|
|Active on Lendahand since||1 October 2015|
Financial information per 2018-03-31
|Number of companies in portfolio||224|
|Write-off ratio last 12 months||0.11%|
|% investment amount in arrears (>90 days)||0.87%|
|% investment amount in arrears (>180 days)||0.09%|
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.