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funding gap emerging markets
Zambia

Mohamed Shop 3

  • Agora Microfinance
  • Invest in a Financial Institution
  • + 12 other investors
  • With a loan of EUR 5,000 Mohamed is able to stock his two shops with more cosmetic products.

    €5,000
    Amount
    4.00%
    Interest
    6 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€5,000
    Interest4.00%
    Maturity6 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 12 hours on 25 July 2017.

      Summary

      Mohamed shops started operations in 2007 and currently he has two shops, one in town centre and another one in the compound about 10 kms north of Lusaka. They are specialised in cosmetics. They get there products from Congo and South Africa. They currently have 5 employees. 

      This is the third loan the are getting from Agora Microfinance. The business has since grown with an annual sales turnover of ZMK 2,897,808. This third loan will be used as working capital.

      Company nameMohamed Shop 3
      CEOMohamed Luboya
      Founded2007-01-01
      LocationLusaka
      SectorWholesale / Retail
      Turnover€289,780.80
      Employees5

      Impact

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

      • With this investment 1 job is created
      • With this investment 4 lives are improved

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      We have already contributed to Mohamed Shop 3

      Leendert Smit
      + and another
      12
      investors