26.10.15

New business relationship formed after receiving microcredit

Mr. Aruna Sesay is the owner of Macro Investment, a supplier of computer accessories and stationeries. Through a microcredit loan of SLL 40 Million (ca. $7800) from Aurora Foundation through the microcredit institution A Call To Business Trading Limited, one of the two microcredit institutions Aurora is working with in Sierra Leone, Mr. Sesay was able to take advantage of an opportunity to serve a large purchase order to supply printer toners and establish a relationship with a new corporate buyer. The loan was secured by stock inventories and sales proceeds, an approach that he greatly appreciated as compared to stringent requirements of hard collaterals, which he does not have.

With him on the photo is Mr. Tony Kallon a Credit Officer from A Call To Business Trading Limited, one of the two Microfinance Institutions Aurora Foundation is working with in Sierra Leone.