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A worker operates an embriodery machine at Winglow, a textile and fashion business in Accra. Awurabena Okrah, CEO and founder of Winglow, was able to obtain a USD 24,000 (GBP 14,226) finance lease through Leasafric Ghana for the embroidery machine, which enabled her to expand her business and create a new market niche. The lease has now been paid off. International Finance Corporation (IFC) supported initiatives to create a regulatory framework for leasing and establish credit bureaus and collateral registries have improved access to finance for Small and Medium Enterprises (SMEs).
Nyani Quarmyne / Panos Pictures /Felix Features 24 Jun 2014