The Loan I Should Not Have Approved
A well-run distribution business, a persuasive owner and a warning sign I chose to explain away. What a GH₵ 2 million loss taught me about my own bias.
The Situation
A distribution company with eight years of clean statements applied for an expansion facility. The owner was impressive, the numbers were strong, and the file was - by our standards - easy. One anomaly: a large, recurring payment to a company I could not identify, described as 'consulting'.
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This content shares personal experience for educational purposes. It is not personalised financial, legal or medical advice. Experts are not necessarily licensed to advise on your specific situation; consult a qualified professional before acting.