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funding gap emerging markets
Ghana

Power Trading Ent.

  • ABii National
  • Invest in microfinance
  • + 34 other investors
  • With EUR 25,200 Edward can purchase much more clothing - because of high demand from Benin and Cote d’ivoire.

    €25,200
    Amount
    3.00%
    Interest
    6 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€25,200
    Interest3.00%
    Maturity6 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 9 days on 31 January 2015.

      The project

      The Business is managed by Edward Opoku. The business was registered on 22nd August 2003 with business registration No. BN-50,671C. He has been in this line of business for twenty-five (25) years. He was introduced into this line of business as a young man by his uncle.

      Edward sells on wholesale basis only. He has been operating in the same shop for the past twenty-five years.

      He currently has 12 employees who work for him(2 permanent workers and 10 casual workers) who help to offload the goods when they arrive.

      Edward has many loyal customers because he has been in the business for long. Payment of goods bought is on cash-only basis. Edward saves with Unicredit Savings & Loans and ABii National Savings & Loans.

      He has currently applied for a facility of GHS150,000 to purchase more second-hand clothing for resale due to the high demand. It is a capital-intensive trade and strictly cash-only basis so one must always have access to funds to beat off the competition.

      Edward makes sufficient sales from his business from examination of his sales book. Most of his retail customers are from Kumasi, Takoradi, Cape Coast and Accra. There are also traders from Benin and Cote d’ivoire who come to make purchases to retail back in their country.  

      Company nameABii National
      CEOEdward Opoku
      Founded2003-01-01
      LocationAccra
      SectorWholesale / Retail
      Turnover€134,136.12
      Employees12

      Impact

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

      • With this investment 4 jobs are created
      • With this investment 16 lives are improved

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      We have already contributed to Power Trading Ent.

      Annelies Braakman
      Derkjan van Veen
      Niek de Bruijn
      Onno Oostveen
      + and another
      34
      investors