funding gap emerging markets
Zambia

Agora Microfinance Zambia 10

  • Moringaway
  • Local partner investment
  • + 287 other investors
  • With a loan of EUR 84,000 AMZ can provide 20 small businesses in Zambia with working capital. This includes farmers, trading companies, restaurants, schools and transport companies.

    €84,000
    Amount
    4.00%
    Interest
    24 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€84,000
    Interest4.00%
    Maturity24 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 6 days on 22 September 2020.
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      Summary

      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, 18 and 24 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 of EUR 84,000 around 20 entrepreneurs in rural Zambia can be financed.

      Company nameAgora Microfinance Zambia 10
      CEOReeven Kandula Mwiinga
      Founded2004-01-01
      LocationLusaka
      SectorWholesale / Retail
      Turnover€400,000
      Employees40

      Impact

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

      • With this investment 5 jobs are created
      • With this investment 100 people are reached

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      We have already contributed for Agora Microfinance Zambia 10

      Arjanne Rietsema
      Ton Van der Meer
      Dirk Rentmeester
      Gert Mosterd
      Robert Mars
      + and another
      287
      investors