funding gap emerging markets
South Africa

Lulalend 3

  • Lulalend
  • Local partner investment
  • + 724 other investors
  • With a loan of EUR 350,000 Lulalend will be able to provide working capital to 15 small and medium enterprises in South-Africa so these companies can expand their production facilities.

    €350,000
    Amount
    3.75%
    Interest
    12 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€350,000
    Interest3.75%
    Maturity12 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 11 days on 30 June 2021.
      Choose amount
      Invest from €50
      Average investment
      Based on all Lendahand historical investments
      Complete funding
      Project will be fully funded

      Summary

      Lulalend is a South African SME lender. The company is built on the belief in the power of small businesses and strives to empower businesses throughout South Africa. Lulalend's loans are characterised by speed, convenience, and easy application. This is achieved through the company's automated online platform.

      Trevor Gosling is the company's founder and has been its CEO since inception in 2014. Trevor is a chartered accountant with 7 years of experience in investment banking as well as 3 years experience in structured finance. Before starting Lulalend, Trevor found and succesfully exited an e-commerce venture.

      Information document issuing entity (NL)

      Information note issuing entity (BE)

      With a loan Lulalend will be able to provide working capital to small and medium Enterprises in South-Africa.

      Company nameLulalend 3
      CEOTrevor Gosling
      Founded2014-01-01
      LocationGauteng
      SectorServices
      Turnover€1,200,000
      Employees25

      Impact

      More than 40% of SMEs in Africa mention the lack of financing as the major factor limiting their growth. To help overcome this challenge, Lulalend offers access to funding to SMEs in South Africa by delivering working capital within 24 hours through their automated online platform.

      Easy access to working capital increases productivity and job creation, both necessary conditions to reduce poverty. A formal job creates impact on income and enables regularity of wages, allowing a family to plan for the future, save money, and improve access to credit, housing, and children’s education. It can lift unskilled workers out of poverty and allow skilled workers to enter the middle class. Therefore financing SMEs with growth potential is one of the key ingredients for inclusive growth.

       

      SDGs impacted

      With this project you are contributing to the following Sustainable Development Goals:

      SDG 1. No poverty

      SDG 8. Decent work and economic growth

      Read more about the impact you can make through our platform and the SDGs on our impact page.

       

      Related blog articles

      Read here the introduction of Lulalend as a new Lendahand investment opportunity.

      Curious to learn more on how Lulalend uses technology to fight poverty? Read more here.

      • With this investment 10 jobs are created
      • With this investment 100 people are reached

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      We have already contributed for Lulalend 3

      Cees van Iperen
      Trees van den Hoogen
      Alcanne Houtzaager MA
      Piet van der Kooi
      Rita van den Berg
      + and another
      724
      investors