A micro-finance entity EA Financial Services in situated in Koforidua, Ghana. In the initial seven months of the operation, it had performed well to set up a client base, but it lacks adequate capital to satisfy the growing demand for new loans.
Although having a growing client base is a confident signal, the lack of capital is an important weight - the company has needed to begin turning down loan requests. The owner understands that potential clients will probably cope with one of his many competitors if he cannot provide financial services.
He wonders if he concentrate on improving current operations or should first investigate obtaining additional operating capital. Innumerable options to addressing these issues have erupted. What is the most appropriate plan of action?
PUBLICATION DATE: April 02, 2014 PRODUCT #: W14074-PDF-ENG
This is just an excerpt. This case is about LEADERSHIP & MANAGING PEOPLE
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