Agora Microfinance Zambia Limited
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.
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 impact objectives through providing inclusive financing of MSMEs in rural areas where access to financial services is limited, and by supporting FMOs strategic goal of stimulating economic growth, prioritizing LICs and supporting institutions that are operating in difficult economic environments. The lending activities of Agora to people in rural areas are not expected to trigger exposure to high-risk E&S sectors.
MASSIF investment | USD 2.5 million
Instrument | Commercial loan