AGORA MICROFINANCE ZAMBIA LIMITED
Status: Completed investmentWhy disclosure?
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Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer?
Agora Microfinance Zambia is a microfinance institution dedicated to serving low-income, rural households in Zambia. Its mission is to contribute to the economic well-being of the poor through effective provision of appropriate financial services.
What is our funding objective?
The funds will be used for on-lending to small farmers and small entrepreneurs, majority of whom are women, at the bottom of the pyramid.
Why do we fund this investment?
The financing fits very well into FMOs inclusive strategy which is focused on improving access to finance for underserved people.
What is the Environmental and Social categorization rationale?
This facility has been categorized as category C in accordance with FMO's Sustainability Policy. The lending activities, to people in rural areas, do not create any exposures in high risk E&S sectors.
More investments
| Date | Total FMO financing |
|---|---|
| 6/2/2023 | USD 0.01 MLN |
| 6/28/2022 | USD 5.00 MLN |
| 12/9/2021 | EUR 0.01 MLN |
- Region
- Africa
- Country
- Zambia
- Sector
- Financial Institutions
- Publication date
- 11/9/2018
- Effective date
- 1/31/2019
- End date
- 1/19/2023
- Total FMO financing
- USD 2.50 MLN
- Funding
- MASSIF
-
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - C