The project

The Company is into auto mechanics and works on all kinds of faults with all types of vehicles from two workshops. Thomas Asiedu Buabeng who manages the business has over ten years’ experience in the industry. He trained in Automobile engineering at Kumasi Poly in 2002.

Client worked in Toyota Ghana Kumasi as a maintenance officer attached to Newmont Ahafo Mines, Kenyaase. He later worked with DHL Haulage Company, Melcom Ghana and Hyra Motors as workshop manager before resigning to establish his own business in November 2013. He manages the business alone and recently opened a new outlet to meet the demand from his clients.

He operates from two offices which are a short distance of each other with 22 workers including a secretary and security man. Client organizes theoretical lectures for his staff once a week for 2 hours to sharpen their skills. His oven spray is opened to the general public for a fee and his clientele include Hyundai Ghana, which is close to his shop.

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

Collateral

1) Monthly Cash build -up of GHS 1,000.00 and Assignment of fixed assets worth GHS 116,500 with all risk insurance cover