Lopak Auto Trading Ent.

With EUR 7,400 Leticia is able meet the demand in Accra surroundings and subsequently create 2 jobs.

funding gap emerging markets

The project

Lopak Auto Trading Ent. is managed by Leticia Kwakwa Adu and was registred in 2008. She has been in this line of business for 6 years and has quite some experience.

The company sells auto parts on both wholesale and retail level. Leticia initially started with one shop, but due to the high local demand and the high quality products, the company grew to 3 stores. Next to the auto parts, she also imports new and used cars into Ghana.

There are currently 8 workers employed. She is the only supplier of auto parts in the area, which means that all the Trotro (a Ghanaian minivan) and private car companies purchase at Lopak and business therefore is brisk.

She applied for a loan to cope with the higher demand. Lendahand will provide a loan together with local partner Abii National, which will be repaid in 6 months.

ABii National

CEO
Leticia Kwakwa Adu
Founded
2008-01-01
Location
Accra
Sector
Services
Turnover
€90,698.42
Employees
8
€7,400raised
Fully funded in 7 days on 21 January 2015.
17investors
Invest in microfinance
€7,400
target
3.0
%
Interest
6
months
Maturity
6
months
Repayments
A
B
C
D
E
Credit score

Impact

2
Jobs created
8
Lives improved