Published On: Thu, Jun 27th, 2013

Eden Micro-finance Give Debt Relieve To Fire Victims

Share This

William Adom Boateng (left) and Aboagye Manu, vice chairman EDEN group. INSET: some of the victims in th banking hall

William Adom Boateng (left) and Aboagye Manu, vice chairman EDEN group. INSET: some of the victims in th banking hall

Eden Micro-finance Limited, a fast growing micro-finance has pledged its commitment in ensuring that traders who lost their wares in the recent fire outbreaks at various markets in Kumasi and Accra, resume business.

The company has cancelled all the interest on loans that about 300 of the fire victims took to run their businesses. It gave them six months extension to repay the monies.

William Adom Boateng, Executive Board Chairman of Eden group, at a press conference in Accra, said the company would also give some of the victims recovery loans in order to help them transact business, adding that ‘we want them to know that we are behind them no matter the situation.’

‘We have given about 300 people loans, amounting to GHC985,000. We are cancelling all the interest on the loan and also extending repayment period to six months because we care for the victims and we want them to take their time to pay back.

Adom Boateng urged Ghanaians, who are engaged in small-scale businesses, to insure their entities.

EDEN, which is headquartered in Kumasi in the Ashanti Region, offers micro-finance services to support viable economic ventures to promote economic growth and improve the living standard of its customers.

The company provides guarantor and security free loans to SMEs and informal sector clients as a distinctive feature in the financial services market.

EDEN offers products like Eden Business, Eden Nkosuo, Eden Foundation, Eden Emergency Loan, Eden Housing Loan, as well as Super Eden to cater for the needs of customers both in the formal and informal sectors of the economy,’ he stated.

The financial institution, which commenced operations in March 24, 2011 currently, boasts of over 20 active branches with over 150,000 customers nationwide.

Adom Boateng said they intend to become the leading finance company in the country through the provision of quality services.

By Cephas Larbi