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Code GOODSTART is valid until 31 December

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funding gap emerging markets
Ghana

Litco Investments

  • ABii National
  • Invest in a Financial Institution
  • + 49 other investors
  • With a loan of EUR 25,000 Hisham will be able to expand his wholesale business in fast moving consumer goods.

    €25,000
    Amount
    4.00%
    Interest
    12 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€25,000
    Interest4.00%
    Maturity12 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 13 days on 24 September 2015.

      Summary

      Litco Investments (Ghana) Ltd is duly registered under the companies code, 1963 (Act 179) on 18th February, 2006. It was authorized to engage in various lines of business including General Trading, Import and Export of General Goods, Provision of Engineering Consultancy Services and acting manufacturers’ Representative. The company from inception has concentrated on the sales and distribution of Fast Moving Consumer Goods of FMCG (Flour, Rice, Sugar, energy drinks, cooking oil etc). 

      Client’s merchandise include Azonto Wheat Flour, Azonto Cola, Golden bow Wheat Flour, Florina Cooking Oil, Hyper & Giant Malt , Heaven Products, Tomato Paste, Margarine, Sugar & Rice (Adam’s Rice), Dost Pasta (Macaroni/Spaghetti).The distribution cuts across Western Region, Central and Ashanti Region through the use of their trucks and van. Clients’ major suppliers such as Edinpaco Company Limited, Ramani Distribution, Menkish Impex Ltd, Triple C (Gh) Ltd, Pratham International Ltd deal with him on both cash and credit basis, however the credit line is given in a two-week period. The business office is located at the Harbour Commercial Area close to the Coca Cola depot and the GPHA administrative office.

      Lendahand will provide the loan to Hisham together with local partner ABii National. The loan has to be repaid in 12 months.

      Collateral:

      2007 Hyundai Santa Fe, 2000 Man Diesel and 2001 DAF CF 65 with FSV’s of GHS 30,000.00, GHS 64,000.00 and GHS 40,000.00 respectively.

      Company nameLitco Investments
      CEOHisham Ghandour
      Founded2006-01-01
      LocationAccra
      SectorWholesale / Retail
      Turnover€4,353,040.50
      Employees12

      Impact

      There is currently no information available for this section. Check the Summary tab for more.

      • With this investment 1 job is created
      • With this investment 4 lives are improved

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      We have already contributed to Litco Investments

      Gert Mosterd
      Dieske Kruisselbrink
      Ron van Eijk
      Jan de Wit
      + and another
      49
      investors