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funding gap emerging markets
Zambia

Agora Microfinance Zambia 3

  • Moringaway
  • Invest in microfinance
  • + 249 other investors
  • With a loan of EUR 106,200 AMZ will be able to finance a school, a transport company and 10 trade companies in Zambia.

    €106,200
    Amount
    3.50%
    Interest
    12 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€106,200
    Interest3.50%
    Maturity12 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 5 hours on 18 November 2019.

      The project

      With a loan AMZ can finance the following school and companies:

      1. Simfex Academy is a school located in Lusaka. The school was opened by Mr Felix Simulunga in 2014. The school has over 600 hundred pupils ranging from pre-school to Junior Secondary. The school has an annual sales of over ZMW 3,086,740.

      2. Capital Travels and Tours is a transport company sepecialised in transporting beverages in various parts of Zambia. The company was established in 2012. It has annual turnover of ZMW 6,399,288 with 15 employees.

      3. The other companies are Kandela Shop, Value Land Limited, Obbie Sidelelwa Masamu, Thornfield Enterprises, Dapebbs Food Supplier, B 08 MM Katuka, Candy Investments, Abitehcal Gardens, Kalombo Lukumbi and Liye Liye General Dealers. The combined annual sales for the 10 businesses is ZMW 23,755,440 with 56 workers and covering a total of 5,600 people.

       

      Company nameMoringaway
      CEOFelix Simulunga
      Founded2014-09-30
      LocationLusaka
      SectorServices
      Turnover€2,000,000
      Employees33

      Impact

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

      • With this investment 5 jobs are created
      • With this investment 400 lives are improved

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      We have already contributed to Agora Microfinance Zambia 3

      Ron van Eijk
      Gerard de Jong
      Jan de Wit
      Rita van den Berg
      Dirk Rentmeester
      + and another
      249
      investors