Summary

L.O. Enterprise and mandated to deal in metal fabrication and as a general merchant. Borrower since inception has concentrated on the metal fabrication which later metamorphosed into the sales of mobile phones, and other electrical appliances (refrigerators, micro waves, etc.) in June 2011. 

Client after completing Ghana Secondary Technical School (GSTS) in 1997, continued to Graduate School of Management where he read Diploma in Business Management. After his Diploma certificate he joined the Takoradi Branch of IT Salat as Assistant Administrator. 

The businesses are managed by Omar Fawaz who has diploma in business management. He operates from three outlets located at strategic positions to serve the intended markets in Takoradi and Tarkwa. He has two branches in Takoradi and one branch in Tarkwa. 

Collateral

Hyundai Accent 2005 model with registration WR 3144-13 with GHS40, 000MV and GHS20, 000 FSV, belonging to owner of the business.

Assignment of stock of mobile phones valued at GHS40, 000.