Project detail - AGORA MICROFINANCE ZAMBIA LIMITED

AGORA MICROFINANCE ZAMBIA LIMITED

Back to map

Who is our client

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.

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 we fund this project

The financing fits very well into FMOs inclusive strategy which is focused on improving access to finance for underserved people.

Environmental and social 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.

Region
Africa
Country
Zambia
Sector
Financial Institutions
Signing date
1/31/2019
Total FMO financing
USD 2.50 MLN
Fund
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