Agora Microfinance Zambia 8
With a loan of EUR 160,000 local partner AMZ will be able to provide working capital to 45 small businesses in Zambia (farmers, general traders, guest houses, schools, restaurants).
€160,000
4.00%
24 months
6 months
EUR
CurrencyAmount | €160,000 |
Interest | 4.00% |
Maturity | 24 months |
Repayments | 6 months |
Currency | EUR |
The project
Warning
In the coming period there are different conditions for this partner. More information can be found here.
- The interest rate has been temporarily increased by 0,5 percentage point to accommodate the growing uncertainty associated with COVID-19.
- In addition, this investee is allowed - provided they continue to comply with the applicable covenants - to refinance future repayments to Lendahand investors with the funds raised from this project.
- Repayments occur after 12 months, not after 6 months (grace period).
Agora Microfinance was created in 2009 and began operations in 2011 after 2 years of initial research and preparatory work. Agora Microfinance N.V. is incorporated in the Netherlands as a holding company. Moringaway is an investment company that is domiciled in Mauritius. The investment companies are advised by Agora Microfinance Partners LLP, based in the United Kingdom.
Information document issuing entity (NL)
Information note issuing entity (BE)
With this loan around 45 entrepreneurs in rural Zambia can be financed.
Company name | Moringaway |
CEO | Reeven Kandula Mwiinga |
Founded | 2004-01-01 |
Location | Lusaka |
Sector | Wholesale / Retail |
Turnover | €485,074 |
Employees | 33 |
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 250 lives are improved