Oppong Obeng Ent.
With a loan of EUR 34,800 Edward can purchase more steel materials to meet demand in Accra.
€34,800
4.00%
12 months
6 months
EUR
CurrencyAmount | €34,800 |
Interest | 4.00% |
Maturity | 12 months |
Repayments | 6 months |
Currency | EUR |
The project
The business is owned and managed by Edward Obeng and being assisted by five sales boys who help in the daily operation of the business.
Oppong Obengs Enterprise is a sole proprietorship business located at Timber market, Accra. The business was registered on the 12th October, 2012 and mandated to deal in the sale of metal plates, steel pipes and iron rods. Customer is a major wholesaler of metal plates and steel pipes in the locality. Customer buys locally from major distributors such as BS Plus, Mid-West Company Limited and Real Steel. Customer sells on cash and credit basis.
Lendahand will provide a loan to Edward together with local partner ABii. The loan has to be repaid within 12 months.
Security:
(1)2005 Toyota RAV 4 with GHS 35,000.00 FSV,
(2)2005 Nissan pickup GHS40,000.00FSV,
(3)2006 Nissan Premera with GHS 20,000.00FSV
(4)Assignment of Stock of GHS 200,000.00
Company name | ABii National |
CEO | Edward Obeng |
Founded | 2012-01-01 |
Location | Accra |
Sector | Wholesale / Retail |
Turnover | €355,031.62 |
Employees | 5 |
Impact
There is currently no information available for this section. Check the Summary tab for more details.
- With this investment 2 jobs are created
- With this investment 8 lives are improved