Institutional Debt Provider

Moringaway was acquired in 2018 by the Agora Group with the goal of aiding the progress of promising rural financial institutions in Africa and Asia, with funding lines that bring down the cost of funding by taking on some of the inherent currency risks that these financial institutions are exposed to. This is especially relevant in some markets in Africa where institutions must work with volatile currencies, and where their costs are indexed to the exchange rates, whereas their incomes are in local currencies. This currency mismatch results in lenders typically passing on the currency risk to the institutions, which must then be passed on to the customers.

Moringaway aims to slowly reduce this cost by creating more tailor-made lending products wherein the currency risk can be shared between the lender and the borrower. Moringaway is in the process of building a portfolio that addresses challenges observed in the microfinance market, especially in Africa.


Moringaway is a company domiciled in Mauritius and supervised by the Financial Services Commission of Mauritius. It was fully acquired in 2018 by the Agora Group to respond to funding challenges observed in the microfinance market, especially in Africa. It’s team, based in Mauritius, evaluates funding opportunities with a focus on rural/agriculture outreach, quality of operations, and the potential for scaling up impact.

Both traditional microfinance institutions as well as new-age Fin-Techs are part of the current portfolio across several countries.

Current Activities

Moringaway’s portfolio currently covers 7 countries in Africa and Asia. It includes market leaders, Fin-Techs, rural MFIs, as well as its own group companies. Over the past 3 years, Moringaway has built a sustainable operation that we intend to keep growing.

If you are a financial institution looking for debt funding, please see information about the requirements and process here.