J.U. Afranew Ltd.

WIth a loan of EUR 11,200 John will be able to import more construction materials from China and expand his business.

funding gap emerging markets

The project

J. U. AFRANEW Company Limited was registered on 5th November 2008 and commenced business on 6th April 1997. The company was registered to engage in Real Estate Development, Export and Import of General Goods, General Merchant, Civil Engineering Works; and Road and Building Construction. 

John has however concentrated on the import and distribution of building accessories like wheel barrows, head pans, aluminum frames used for sliding windows, handles, PVC pipes, doors etc. He sells wholesale directly from its warehouse at Kasoa to various customers nationwide. John imports products from various companies in China. It however supplies to notable customers like Emma Gift Enterprise, Mission Hardware, and many others.

Lendahand will provide this loan to John, together with local partner ABii National. The loan has to be paid back in 12 months.

ABii National

CEO
John Davor
Founded
1997-01-01
Location
Kasoa, Accra
Sector
Wholesale / Retail
Turnover
€188,368.68
Employees
5
€11,200raised
Fully funded in 11 days on 30 May 2015.
26investors
Invest in microfinance
€11,200
target
3.0
%
Interest
12
months
Maturity
6
months
Repayments
A
B
C
D
E
Credit score

Impact

2
Jobs created
8
Lives improved