Client: Ada, Trader at Eke Market
Challenge: Ada ran a small provisions shop but faced challenges with poor record-keeping and lack of capital. She used her personal account for business transactions, making it hard to separate family expenses from business income. Suppliers often doubted her credibility.
Solution: Ada opened a Business Account at Igbo-Ukwu Microfinance Bank. This helped her keep track of business finances. She later accessed a micro-loan tailored for women entrepreneurs.
Result:
- Expanded her shop into a mini-supermarket with more stock variety.
- Gained the trust of suppliers who now extend goods to her on credit.
- Increased monthly revenue by 60%.