EASY FAST MICROFINANCE CO LTD V. VED ENGINEERING & 2 ORS

J U D G M E N T 

On 21st January, 2014, the plaintiff caused the writ of summons herein to be issued out  of the Registry of this court for the following reliefs: 

“(a) An order for the recovery of the sum of GH¢84,783.23 form  defendants being outstanding indebtedness on consolidated facilities  granted them as at 17th May, 2013. 

(b) Interest on the aforesaid sum on the agreed rate of 8% monthly from  17th May, 2013 to the date of final payment. 

(c) Costs on a full indemnity basis.” 

The write was issued and served alongside a statement of claim. From the said state of  claim, the material facts of the plaintiff’s case are that the plaintiff formerly known as  KDE Financial Services, was at all material times licensed to operate microfinance  services. The 1st defendant also provides microfinance services with the 2nd and 3rd defendants as its directors. Between 2009 and 2011, the 1st defendant applied for various loan facilities from the plaintiff which were all approved and granted. …