The project

New Chapter Trading is a wholly owned Ghanaian sole proprietorship form of business which was registered on the 16th January, 2009. The company has been in existence for the past sixteen (16) years before its registration in 2009 and has been growing steadily.

The business is mandated to deal in wholesaling and retailing of provisions. Elizabeth has two (2) outlets located at Darkuman and Somanya. Darkuman happens to be the main office. The business has the support of six (6) permanent workers including the managing director.The staff strength includes one (1) General Manager, one (1) Accountant and 4 Sales Persons.

Customer purchases her stock from renowned importers in the country such as Forwin Ghana Limited, Multi-Pro, Pormasidor Limited, Global Grand, Empire and others. She enjoys soft credit from these suppliers for three to five days.

Lendahand will provide the loan to Elizabeth together with local partner ABii National. The loan has to be repaid in 6 months.

Collateral

Kia Frontier Truck 2003 with FSV of GHS 23,000

M/Benz 512D Van with FSV of GHS 32,000

Assignment of stocks worth GHS 60,000