Investment & Fund Management

Toko Bopp, a food company in the Netherlands, faced a significant challenge as it prepared for a surge in demand following its nomination as the second-best Indonesian food specialty store in the country, coinciding with its 50th anniversary. The company, originally founded by Kees Bopp, had transitioned ownership 11 years prior, but the new owners found themselves unable to secure a bank loan to finance the necessary expansion to accommodate increased customer interest.

To address this financing gap, Toko Bopp turned to Qredits, leveraging support from the European Investment Fund (EIF) under the Investment Plan for Europe. This partnership enabled Toko Bopp to secure the essential loan required for hiring additional staff and remodeling their facility. The current owner emphasized the critical timing of the loan, stating that without it, the business would not have been able to meet the heightened demand.

As a result of this financial support, Toko Bopp experienced a threefold growth in business, allowing them to consider further expansions, including the addition of a terrace in front of their shop. This case exemplifies how targeted financial solutions can empower small and medium-sized enterprises to thrive and grow in competitive markets.