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funding gap emerging markets
Ghana

Double Favour Ent.

  • ABii National
  • Invest in a Financial Institution
  • + 57 other investors
  • With a loan of EUR 25,000 Augustina can expand her company in non-alcoholic beverages further.

    €25,000
    Amount
    4.00%
    Interest
    12 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€25,000
    Interest4.00%
    Maturity12 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 3 days on 2 November 2015.

      Summary

      Double Favour Enterprise is a wholly owned Ghanaian business which was incorporated under the Companies Code, Act 1962(No.151) with registration number BN-36420213 as a sole proprietorship business registered on 5th June, 2013.

      Augustina has been in the business for the past five years before its registration. Client is into retail and wholesale of all kinds of non-alcoholic beverages and General Merchants. She purchases locally and her major suppliers are Akill Company Ltd, Market Direct Ltd, Lawernce K.A Ventures etc. The business is located at Store No K.O 8/9 Kumasi opposite Lancer Chemist Adum, at a very vantage position for easy location. Major competitors include Gyamdulex ENT, Perfect Desire ENT etc.

      The nature of client’s business necessitates the issuance of cheques, with less cash transaction. The suppliers mostly give the products to her for two weeks to pay back. Client also gives about a week or two to his credit worthy customers.

      Lendahand provides the loan to Augustina, together with local partner ABii National. The loan has to be repaid in 12 months.

      Collateral

      1.2000 Opel Astra worth GHS 30,000 which belongs to the client.

      2. Assignment of stocks value GHS 50,000.00 with all risk insurance covering stock.

      3. Fixed Asset GHS 20,000.00

      Company nameDouble Favour Ent.
      CEOAugustina Boamah
      Founded2010-01-01
      LocationKumasi
      SectorWholesale / Retail
      Turnover€474,028.50
      Employees2

      Impact

      There is currently no information available for this section. Check the Summary tab for more details.

      • With this investment 1 job is created
      • With this investment 4 lives are improved

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      We have already contributed to Double Favour Ent.

      Cees van Iperen
      Huub Huijsmans
      Bernold Nieuwesteeg
      Niek de Bruijn
      + and another
      57
      investors