Agora Microfinance Zambia
Agora Microfinance Zambia (AMZ) started operations in 2011 and specifically targets low-income rural households, through its branches in the Mongu and Mumbwa districts. These districts show the highest poverty rates and access to finance is limited. The loan clients are self-employed or family workers in low-income households engaged in small livelihoods activities, mainly subsistence agriculture, small-scale processing and fishery, as well as in retail trade and services. 99% of them are first-time borrowers. The loan provided by Hivos-Triodos Fund enables AMZ to realise its growth ambitions.
KEY INDICATORS as of 31 December 2015:
- number of loan clients: 10,323
- percentage female clients: 58%
- percentage rural clients: 74%
- average loan amount: EUR 63
- number of savings clients: -
Whoever you are, and wherever you live in the world, you are likely to want permanent access to financial services. Microfinance banks play a crucial role providing access to finance to an increasing number of people living on low-incomes. We finance microfinance institutions because they help to build inclusive financial sectors, where the majority of people have access to financial services, leading to a sustainable basis for balanced social and economic development.