UMODZI MICROFINANCE [ZM] LIMITED

UMODZI MICROFINANCE LIMITED (UMODZI ZAMBIA) was incorporated under The Companies Act, No. 10 of 2017 office of Register General of Companies, Zambia, in November 2022 (Registration No. LCO 120220041978). UMODZI MICROFINANCE LIMITED is a subsidiary of Umoja International PLC, one of the world’s largest international microfinance institutions. UMODZI MICROFINANCE LIMITED [UMODZI ZAMBIA] started operations in 2023. VISION We are reducing poverty by improving the lives of the underprivileged with a key focus on female entrepreneurs. MISSION We have a strong commitment to financial inclusion and socioeconomic progress. OBJECTIVE We are providing microfinance loans for business purposes to low-income entrepreneurs to improve financial inclusion and realise socioeconomic progress. Our loans provide an alternative to low-income entrepreneurs without access to credit from traditional banks. We provide these loans using the Cost-effective Umoja Model. Umodzi Microfinance Limited is indirectly wholly owned by Umoja International PLC. Country Overview as of July 2023 (UN estimates): Total Population: 20,216,029[63rd] Area: 752,613 SKM [38th] (290,587 square miles) Density: 17.2 per square kilometre [44.5 square miles 191st]. Around 50% of the population is urban live in Lusaka, Kitwe, Nodla, kabwe, Chingola, Livingstone, Kasama, Chipata and some other small towns. The average life expectancy is 63 years (Male: 60.2, female: 65.7-2023, Population below the poverty line: 60% (scale: 5.50 USD/day)