Resumen

Double Favour Enterprise is a wholly owned Ghanaian business which was incorporated under the Companies Code, Act 1962(No.151) with registration number BN-36420213 as a sole proprietorship business registered on 5th June, 2013.

Augustina has been in the business for the past five years before its registration. Client is into retail and wholesale of all kinds of non-alcoholic beverages and General Merchants. She purchases locally and her major suppliers are Akill Company Ltd, Market Direct Ltd, Lawernce K.A Ventures etc. The business is located at Store No K.O 8/9 Kumasi opposite Lancer Chemist Adum, at a very vantage position for easy location. Major competitors include Gyamdulex ENT, Perfect Desire ENT etc.

The nature of client’s business necessitates the issuance of cheques, with less cash transaction. The suppliers mostly give the products to her for two weeks to pay back. Client also gives about a week or two to his credit worthy customers.

Lendahand provides the loan to Augustina, together with local partner ABii National. The loan has to be repaid in 12 months.

Collateral

1.2000 Opel Astra worth GHS 30,000 which belongs to the client.

2. Assignment of stocks value GHS 50,000.00 with all risk insurance covering stock.

3. Fixed Asset GHS 20,000.00