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funding gap emerging markets
Ghana

Bonvi Cosmetics

  • ABii National
  • Invest in a Financial Institution
  • + 9 other investors
  • With a loan of EUR 7,200 Vida can expand her business in all kinds of cosmetics. Maturity of the loan: 12 months.

    €7,200
    Amount
    3.00%
    Interest
    12 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€7,200
    Interest3.00%
    Maturity12 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 22 hours on 5 October 2015.

      Summary

      Bonvi Cosmetics & Trading Enterprise is a wholly owned Ghanaian business which was incorporated under the Companies Code, Act 1962(No.151) with registration number BN822872014 as a sole proprietorship business registered on 1st June, 2005.

      Client has been in the business for the past five (5) years. Borrower purchases locally and also imports when the need arise. Client’s major suppliers are Tobinco Pharmaceutical Ltd, De Mike Cosmetics Ltd located in Nigeria, AmaniBest Concept Ventures also located in Nigeria.(Invoices have been attached). The nature of client’s business necessitates the issuance of cheques, with less cash transaction. Some of her suppliers mostly give the products to her on cash and carry basis and also some gives her a week or two to pay back. Borrower is into wholesale and retail of all kinds of cosmetics. Client also gives a week or two to his credit worthy customers to pay back.

      The business is located at K.O opposite the Methodist Book Depo in Kumasi at a very vantage position for easy location. 

      Lendahand will provide the loan to Vida together with local partner ABii National. The loan will be repaid in 12 months.

      Collateral:

      Hyundai Tucson with value of GHS 45,000

      Assignment of stocks value GH 50,000

      Monthly cash build-up of GHS1,000 

      Company nameBonvi Cosmetics
      CEOVida Acheampong
      Founded2010-01-01
      LocationKumasi
      SectorWholesale / Retail
      Turnover€67,513.73
      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 Bonvi Cosmetics

      Ron van Eijk
      Jelmer Stienstra
      + and another
      9
      investors