Biscuits and Beverages Production
The client had an established biscuit and beverages production business, where he worked with his eldest son and eight employees. As the demand for his products gradually increased in the market, he considered applying for a loan, in order to expand his production. Therefore, he approached the PI in 2012. His loan application was successful and guaranteed by CGF-A, based on the PI’s request. The client received a loan of USD 100,000. The client has successfully repaid the loan on time and his balance sheet grew by 25%. In 2016, following the success, the client applied for a further loan of AFA 5 million (approx. USD 72,000), in order to further increase his working capital. The PI applied for a guarantee and received it from ACGF. Overall, with the guaranteed loans the client managed to expand from eight employees to 67 and to significantly enlarge the number of clients.
Flour and Wheat Importer and Wholesaler
The company is mainly involved in importing of flour, wheat, fuel and juice from Kazakhstan, Uzbekistan, Turkmenistan and Russia and sells to wholesalers and retailers inside Mazar-e-Sharif and other provinces. When it applied for the first loan from a PI, and was guaranteed by CGF-A, it was a simple and small trader, the company’s total balance sheet was around USD 420,000 and they had six employees. The company’s total balance sheet grew to USD 4.9 million with eight employees, enabling the client to take a further loan of USD 700,000 for which the guarantee was not required. The company has successfully developed further and established two more sister companies and a mill for processing imported wheat, hence, expanding it outreach and hiring more employees.
Water Tank Producer
Prior to applying for loan from the PI the company was a small tanker production company in 2008 when they applied for a loan amount of USD 80,000. At the time of applying for loan the company’s total balance sheet was around USD 478,000 and had 21 employees. After receiving a CGF-A guaranteed loan from the PI, the company’s balance sheet increased to approx. USD 4.1 million with eighty employees.