AMZ aims to provide working capital to companies in Zambia, especially in rural areas.
Information document issuing entity (NL)
Information note issuing entity (BE)
This loan will be allocated to the 38 business located in Western, Central, Lusaka and Northern provinces in Zambia:
1. Paradise Marketing
The business is located 145 kilometers north of Lusaka (in Kabwe district) and is owned by Mr. Winston Makukula. He started the general merchandise business in 2002. The business has an annual turnover of ZMW 1,440,000 with 4 employees. This is the second loan they are getting from Agora Microfinance Zambia. The first loan was ZMW 80,000
2. Kalabi Investments Limited
Kalabi Investments was started by Mr. Ronald Lengwe in 2004. The business is located in Lusaka, Central Zambia. They are currently running lodges and real estate business. The company has an annuals sales of ZMW 1,623, 800 and has 8 employees.
3. Other Businesses
The other businesses being funded are Chandwe Musonda, Richard Chibanda, Shaloom City Two Mini mart, Beltech Supplies & Construction, A&H Happy Solutions, Robert Star pub, Lexonda General Dealers, Radona Rest House, Osort Corporate Procurement, Hadgeworth Marketing, Maleni Nakombe, Lillian Muchangani, Victor Chikanda General Dealers, Keligris Block Suppliers, Christopher Reuben Kamanga, Tambudzai Kalale, Kamawada General Dealers and Corner Shop.
Others are Emma’s Electronics World, Baku General Dealers, Uncle Steve Plastic Shop, Atusole Hide out pub, Ebenezer design, Fasam general dealers, Tekumwenzo trading, J.S.K Investments, Kutwa Enterprises, Ndiyanu Mendosa trading, Cheap & best, Iyula Wachiya Investments, Camreen general dealers, Pulse Electrical, Onas K. General Dealers, Chambakale, Evonny Fisheries and Solein Suppliers.
The benefiting businesses have a combined annual sales turnover of ZMW 62,428,571 and employs a total of 254 people. They cover over 47,000 people in different operational area. The businesses vary from general trading, lodges & guest houses, agro-dealers, transportation, school, construction, food processing and real estates.