Kiva conducts regular, ongoing monitoring of all Lending Partners, but only posts status updates here in response to relevant, major changes at the partner.


Partner Description:

Agora Microfinance Zambia (AMZ) 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. ​


A unique lending approach

AMZ offers Village bank loans, small group business loans and Lima Loans (Agriculture), and MSMEs. As most of the clients are in rural areas, due to poor infrastructure in Zambia and lack of proper internet connectivity, AMZ leverages the presence of its client officers to expand its outreach. Client officers use bikes to go to clients and each officer covers a 100km radius from the branch. As AMZ looks to expand its current reach beyond the current regions, the company is seeking low-cost funding with an FX advantage such as Kiva's that can enable them to scale at a competitive price for their current underserved consumer market. 


Repayment Performance on Kiva

    This Lending Partner All Kiva Partners
  Start Date On Kiva Sep 14, 2022 Oct 12, 2005
Total Loans $145,325 $2,079,759,205
Amount of raised Inactive loans $0 $609,425
Number of raised Inactive loans 0 135
Amount of Paying Back Loans $80,100 $156,500,075
Number of Paying Back Loans 31 188,602
Amount of Ended Loans $65,225 $1,875,600,340
Number of Ended Loans 20 2,532,476
Delinquency Rate 0.56% 13.38%
Amount in Arrears $408 $13,012,757
Outstanding Portfolio $23,879 $97,232,252
Number of Loans Delinquent 2 80,844
Default Rate 0.00% 1.83%
Amount of Ended Loans Defaulted $0 $34,275,399
Number of Ended Loans Defaulted 0 91,736
Currency Exchange Loss Rate 4.47% 0.47%
Amount of Currency Exchange Loss $6,547 $13,051,174
Refund Rate 0.00% 0.54%
Amount of Refunded Loans $0 $11,296,185
Number of Refunded Loans 0 9,885

Loan Characteristics On Kiva

    This Lending Partner All Kiva Partners
  Loans to Women Borrowers 52.46% 78.55%
Average Loan Size $649 $393
Average Individual Loan Size $3,005 $585
Average Group Loan Size $2,732 $1,916
Average number of borrowers per group 7 8.3
Average GDP per capita (PPP) in local country $4,100 $5,592
Average Loan Size / GDP per capita (PPP) 15.82% 7.04%
Average Time to Fund a Loan 18.73 days 9.17 days
Average Dollars Raised Per Day Per Loan $34.63 $42.93
  Average Loan Term 10.72 months 11.5 months

Journaling Performance on Kiva

    This Lending Partner All Kiva Partners
  Total Journals 0 1,237,692
  Journaling Rate 0.00% 41.83%
  Average Number of Comments Per Journal 0.00 0.02
  Average Number of Recommendations Per Journal 0.00 0.55

Borrowing Cost Comparison (based on 2009 data)

    This Lending Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower N/A 74.00% PY 27.52% PY
  Profitability (return on assets) -0.22% 3.2% -2.50%
  Average Loan Size (% of per capita income) N/A 10.00% 0.00%

Country Fast Facts

Lending Partner Staff

Developer API
IT API
Susan Chibanga
Chishiba Kampilimba
Chipulu Kamusaki
Mwape Mwila