The project

Senaky Enterprise is a wholly-owned Ghanaian business which was incorporated under the Companies Code, Act 151, 1962 with registration number BN-4173B as a Sole Proprietorship business. The business was registered on 10th March 1992. Senaky Enterprise is into the wholesale of second-hand tyres, tractors and general goods.

Customer after completion of his ‘O’ level education, worked with Black Star Line as a Clerk for Ten (10) years. He resigned thereafter to start his own business of selling second-hand tyres in Ashaiman with his emoluments after his retirement. He started by buying the second-hand tyres directly from the port in Tema. Due to clients experience and dedication to the work, he was introduced into the tractor business.

Customer imports his goods from Holland; he has sixteen (16) wholesale outlets all over the country. He does his purchases from Holland; he imports ten 40-footer containers in a year. Customer embarks on business trip at least twice in a year, on each trip he import five 40-footer containers of goods.

Lendahand will provide this loan to Seth via local partner ABii National.The loan has to be repaid in 6 months.

Collateral: one brand new 2014 unregistered Massey Ferguson tractor valued at GHS150,000