AGORA MICROFINANCE ZAMBIA LIMITED
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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
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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