Lulalend 3

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Sudáfrica

Lulalend 3

Lulalend

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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

Importe

3.75%

Interés

12 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€350,000
Interés	3.75%
Vencimiento	12 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 11 díasen 30 Junio 2021.

El proyecto

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.

Nombre de la empresa	Lulalend
Director general	Trevor Gosling
Fundado	2014-01-01
Ubicación	Gauteng
Sector	Servicios
Volumen de negocio	€1,200,000
Empleados	25

Impacto

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.