Agora Microfinance Zambia 5
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
3.50%
12 months
6 months
EUR
CurrencyAmount | €173,850 |
Interest | 3.50% |
Maturity | 12 months |
Repayments | 6 months |
Currency | EUR |
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 name | Agora Microfinance Zambia 5 |
CEO | Andrew Haminji |
Founded | 2017-05-01 |
Location | Lusaka |
Sector | Wholesale / Retail |
Turnover | €2,900,000 |
Employees | 214 |
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