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Agora Microfinance Zambia Limited, a company limited by shares, was licensed with the Bank of Zambia in 2011 as a non-deposit taking non-bank financial institution, with the objective of providing financial service to the financially excluded (largely rural) population of Zambia. ​


AMZ’s founding shareholders were Concern Worldwide and the Agora Group, represented initially by Moringaway. During 2011 - 2013, Concern Worldwide reduced its involvement in AMZ and was largely replaced by Agora Microfinance N.V. (AMNV), which is now the main shareholder.


Since its inception, AMZ has adopted the village banking model for its group lending and includes a diverse range of products such as Agriculture lending, Group lending, Small business group lending, MSME lending, Micro Insurance and Mobile money in its portfolio of offerings.  AMZ is focused on efficiency in all of its operations, and with that as a priority, the digitization journey was birthed in 2017.

Over the years, AMZ has strengthened its geographical outreach, and as at June 2020, has an established network of 18 branches throughout 8 provinces in Zambia.  During the same period, AMZ recorded an Outstanding Loan Book (OLB) balance of ZMW 84M and reached over 60,000 clients of which 60% are women and the rural outreach is 90%.  This illustrates how AMZ is fulfilling its promise of delivering appropriate financial services to the underserved population. We believe the rural unbanked deserve to be equal members of society contributing to economic growth and stability.

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