Oppong Obeng Ent.

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Ghana

Oppong Obeng Ent.

ABii National

Invest in microfinance

+ 46 other investors

With a loan of EUR 34,800 Edward can purchase more steel materials to meet demand in Accra.

€34,800

Amount

4.00%

Interest

12 months

Maturity

6 months

Repayments

EUR

Currency

Amount	€34,800
Interest	4.00%
Maturity	12 months
Repayments	6 months
Currency	EUR

100%

Fully funded in 13 hours on 25 February 2016.

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

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