Le projet

Client currently deals in the wholesale and retail of varieties of rice such as Royal Aroma perfume rice, Unity rice, Divine rice, Uncle Sam rice etc. client also deals in the sale of sugar, cooking oil, Spaghetti and tomato paste. Customer has been in this business for over three years prior to its registration in 2014. Customer’s renowned suppliers are Maryssa 53 Ventures at Agbogbloshie market Accra.

The business is managed by Alfred Aryee with the support of 2 sales attendants who assist in the daily operation of the business. The business is strategically located at Kasoa New Market. His pattern of purchase is normally through cash payment and two weeks credit term from suppliers.

About ninety percent (90%) of the daily business routine is purely cash and carry basis with the Ten percent (10%) serving weekly revolving credit sales to mostly of his credit worthy retailers.

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

Collateral:

A 2009 Nissan Murano with registration GN 8958-15 and a chassis number JN8AZ18W89W140070 with OMV GHS 65,000 and FSV GHS 50,000.00.