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funding gap emerging markets
Zambia

Agora Microfinance Zambia 5

  • Moringaway
  • Invest in a Financial Institution
  • + 407 other investors
  • With a loan of EUR 173,850 Agora Microfinance will be able to provide loans to 28 small businesses and impact the lives of around 50 people.

    €173,850
    Amount
    3.50%
    Interest
    12 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€173,850
    Interest3.50%
    Maturity12 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 1 day on 14 January 2020.

      Summary

      This loan will be allocated to the following 28 companies:

      1. Hamunji General Dealers

      The business is located 150 kilometers west of Lusaka (in Mumbwa district) and is owned by 33 years old youth Mr. Andrew Hamunji. He started the agro business in 2017. The business is specialised in selling agro pesticides, fertilizers and other farming inputs to farmers. The business has an annual turnover of ZMW 376,000 with 3 employees.

      2. Heshima Enterprises

      Heshima Enterprise was started by Mr. David Kambuka in 2007. The business is located in Monze southern province of Zambia, about 195 Kilometers south of Lusaka. The company is in general trading, real estate and transpotation. The company has an annuals sales of ZMW 1,573,000 and has 4employees.

      3. Other Businesses

      These are Quiet Living, Luumuno Agro, Elizabeth Tembo, Modesty Enterprises , Omincare Professinal Services, Josephine Saggie Banda, L.M Double Blessing Trading, Museke Bihinda Kennedy, Bangana Gift, Ireen Kangwa Kalwala, Built Strong Limited, Edina Kumwenda, El Shadai Shop, Golden Crown Academy, Genuine Electrical Hardware, Linda Mweene, Namukulo Creation, Haddasar Solutions,Kawamu Best Price, Melisa Hardware, Buyrite Trading, Zolliness Village Inn, David Kambuka, K.K general Dealers, F.Mule, Vicmo Investment and Erasmus Chiimba.

      The 28 benefiting businesses have a combined annual sales turnover of 46,788, 087 and employs a total of 214 people. They cover over 25,000 people in different operational area. The businesses vary from general trading, guest houses, agro-dealers, transportation, school, construction and food processing.

      Company nameAgora Microfinance Zambia 5
      CEOAndrew Haminji
      Founded2017-05-01
      LocationLusaka
      SectorWholesale / Retail
      Turnover€2,900,000
      Employees214

      Impact

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

      • With this investment 10 jobs are created
      • With this investment 50 lives are improved

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      We have already contributed to Agora Microfinance Zambia 5

      Jan van Munster
      Arno van Haren
      Han de Haas
      Gert Baas
      Thomas Maas
      + and another
      407
      investors