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funding gap emerging markets
Ghana

L.O. Enterprise

  • ABii National
  • Invest in a Financial Institution
  • + 23 other investors
  • With a loan of EUR 12,000 Omar can further expand his shops by purchasing stock to meet customer’s demand.

    €12,000
    Amount
    3.00%
    Interest
    12 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€12,000
    Interest3.00%
    Maturity12 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 30 days on 30 September 2015.

      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.

      Company nameL.O. Enterprise
      CEOOmar Fawaz
      Founded2006-01-01
      LocationAccra
      SectorWholesale / Retail
      Turnover€323,126.45
      Employees8

      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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