La Reference (Rwanda)
| | After eight years of managing other people’s businesses in the pharmacy sector, Jean Clement Twamugabo started La Reference pharmacy in 2008. Despite his rich professional experience, he had failed to obtain financing from traditional sources of finance. |
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 | GroFin recognised the potential of the business and Jean Clement’s experience as an entrepreneur and provided him with the finance to purchase furniture and stock he needed to start his business. |
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 | With years of experience in supporting small and medium enterprises (SMEs), we are aware of the challenges faced by start ups and fast growing businesses. We drew from this knowledge to assist Jean Clement in transforming his business proposal into an implementable plan. As the business grew we assisted him in introducing a financial management package which has helped control operations and monitor the business’s performance. |
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 | After two and a half years of GroFin’s support, La Reference’s sales activity has increased almost tenfold and their realised sales are 125% higher than initially projected. |
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