AMZ crosses 50,000 clients
Continuing its strong progress, AMZ crossed 50,000 clients for the month ended November 2019. More importantly, its loan sizes remain small, with average loans outstanding per client of less than USD 100 (ZMW 1,332).
AMZ reaches important milestones
AMZ is now unofficially the largest rural MFI in Zambia based on client numbers. We crossed 35,000 active customers and a loan portfolio of ZMW 50 million in the month of May 2019.
AMZ moves into new head office in Roma
The office is well equipped for AMZ's head office team of 15 with sufficient potential to handle the foreseeable growth in team size
FMO and AMZ ink long-term financing agreement
FMO, the Dutch development bank, and Agora Microfinance Zambia Limited (AMZ), part of the Agora Microfinance Group, recently signed a financing facility to expand and consolidate AMZ's work with small holder farmers and rural enterprises in Zambia.
AMZ and Lendahand Conduct Training Workshop
AMZ, in conjunction with Lendahand Foundation have conducted a training workshop aimed at MSMEs.
AMZ launches Funeral & Hospital Insurance in Kabwe
AMZ, in partnership with Sanlam and Risk Shield, successfully launched their Funeral and Hospital Insurance in Kabwe on the 20th July 2018.
AMZ launches Funeral & Hospital Insurance in Mumbwa
AMZ, in partnership with Sanlam and Risk Shield, successfully launched their Funeral and Hospital Insurance in Mumbwa on the 6th of April 2018.
AMZ shows strong results in 2017
AMZ finished 2017 with very strong results, the best in our short history so far. We finished the year with a 70% growth in portfolio while achieving a 20% reduction in Operating Cost levels.
AMZ opens Kabwe branch
AMZ successfully started operations in Kabwe Zambia offering SME loans in urban Kabwe and group loans in Kabwe rural. The new location extends AMZ network to seven locations.
AMZ opens Chongwe branch
AMZ officially opened it sixth branch in Chongwe on September 29th 2017, by representatives of the District Commissioner Office, and Bank of Zambia.
AMZ loan portfolio crosses the ZMW 20,000,000 threshold
Agora Microfinance Zambia is proud to announce that as of August 2017, its loan portfolio size has increased to over ZMW 20,000,000.
AMZ registers its first full year profits
AMZ achieved an important milestone in its short history by achieving full year profits for 2016, in its 5th full year of operations. AMZ's achievement was aided in large part by growth as well as strong portfolio quality over the last two years.
AMZ features in Stanford Review
AMZ was featured in Stanford Review article as one of the most efficient MFIs in terms of productivity in Africa.