Video: From $200 to multi-million dollar business
Dec 05,2013 0 Comments
He started his first business venture as a street vendor with capital of just $200 but two decades later Fomba Trawally has become one of Liberia’s most prominent businessmen.
Like many in his country, Trawally fled Liberia in 1989 to escape the West African country’s ruinous civil war. He found refuge in The Gambia but in December 1991 Trawally decided it was time to return to his native country.
Once back in the capital Monrovia, the former refugee quickly realized he could capitalize on a need for one product: rubber flip-flops.
“When the war took place people had to be displaced from another point to another point,” remembers Trawally, founder of Kumba Beindu and Sons.
“So in the process of that, they don’t take their shoes and they walk with their bare feet. And the $200 that I brought from Gambia, I decided to invest that into the slippers.”