Agora Microfinance Zambia Limited
Status: Approved 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 Limited is an MFI established in 2011 that provides financial services to a predominantly rural clientele through small loans to individual entrepreneurs as well as village groups.
What is our funding objective?
Continuous education is seen as fundamental tool to bridge the gap between the workforce and the market as it helps to advance the skills of management teams and gear up for any kind of situation that they may face in the future. This project will contribute to the tuition costs of a leadership executive education training for Agora’s CEO.
Why do we fund this investment?
MASSIF seeks to support individual development in order to build cohesive skills as well as knowledge of local, regional, and global markets which will ensure effective leadership at those institutions receiving MASSIF financing.
What is the Environmental and Social categorization rationale?
N/A
More investments
| Date | Total FMO financing |
|---|---|
| 6/28/2022 | USD 5.00 MLN |
| 12/9/2021 | EUR 0.01 MLN |
| 1/19/2023 | USD 2.50 MLN |
- Region
- Africa
- Country
- Zambia
- Sector
- Financial Institutions
- Publication date
- 6/14/2023
- Effective date
- 6/2/2023
- Total FMO financing
- USD 0.01 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