How is your business helping to solve the health, social, or economic challenges created by COVID19?
Most of our clients rely on proceeds from daily sales to meet basic needs of life. We have given our loan customers moratorium and extended their loan tenor. This will allow them in the face of low sales to use the funds for repayment to meet their basic needs.
Does your business contribute most to recovery, response, or resilience?
Response - we're responding directly to issues caused or exacerbated by the COVID-19 outbreak.
What is the stage of your product development?
I have a market ready product/service. I have sold to customers.
What strengths does your team bring? Include skills and personal experience with the problem.
Promoters of our company has commercial banking background in serving MSMEs and are only executing an agenda that is filling the gap that the commercial banks have left in relation to financial services for low income earners.
What countries do you operate in?
Ghana
Is your company headquartered in a US "Opportunity Zone"?
No
