Case Name :      EA Financial Services

Authors :           Francis Ayensu, Nicole R.D. Haggerty, Logan Burnett, Stephanie Lachance-Coward, Taylor Klimosko

Source :             Ivey Publishing

Case ID :            W14074

Discipline :        Strategy

Case Length :    09 pages

Solution Sample availability : YES

Plagiarism : NO (100% Original work)

EA Financial Services is a microfinance institution in Koforidua, Ghana. In its seven months of operation, it has done well to establish a client base, but it now lacks sufficient capital to meet the growing demand for new loans. Although having a growing client base is a positive sign, the lack of capital is a significant burden – the company has had to begin turning down loan requests. The owner knows that potential clients will likely deal with one of his many competitors if he cannot provide financial services for them. He wonders if he should first explore obtaining additional operational capital or concentrate on improving current operations. Several alternatives to addressing these issues have presented themselves. What is his best course of action?