Executive Chairman of the Jospong Group of Companies, Joseph Siaw Agyepong, has said Barclays Bank gave him a loan to start his waste management business.
He explained that he went to the bank for loan to start a printing business. However, after securing the loan that vision changed when he saw an opportunity in waste management, and, so, invested the loan in that sector.
Mr Siaw, who has a knack for providing solutions to societal challenges, and owns over 40 companies including Zoomlion Ghana Limited and the Road Safety Management Services Limited, has been awarded the mandatory vehicle towing contract by the Government of Ghana.
Speaking in an interview on Metro TV’s Good Evening Ghana programme on Tuesday August 15, he said: “I went into waste management to solve problems. In the year 2005, there was waste everywhere. And, so, I got the idea by praying to God.
“This idea came with a tricycle and so I started assembling them and started distributing the tricycles. My passion has always been employment generation.”
He added: “When an idea comes and I model it, what I do is to turn it into a proposal form to the bank. So I went to the bank, Barclays Bank, that I wanted to go and a buy printing machine and so they should give me equipment fund. When I got the funds, I told them that my vision has changed so I used the money to buy tricycles.
“That is entrepreneurship. Entrepreneurship is trying to fix things and, so, Barclays did not get angry with me. The objective was to pay my loan and since the loan repayment was done, they were fine with it.”
Source: Ghana/AccraFM.com
