Lulalend 3

Afrika t'Isfel

Lulalend 3

Lulalend

Investi fil-mikrofinanza

+ 723 investituri oħra

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

Ammont

3.75%

Imgħax

12 xhur

<Maturità></Maturità>

6 xhur

Ħlasijiet lura

EUR

Munita

Ammont	€350,000
Imgħax	3.75%
<Maturità></Maturità>	12 xhur
Ħlasijiet lura	6 xhur
Munita	EUR

100%

Ifinanzjat kompletament fi 11 ġurnatafuq 30 June 2021.

Il-proġett

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.

Isem il-kumpanija	Lulalend
Kap Eżekuttiv	Trevor Gosling
Imwaqqfa	2014-01-01
Lokazzjoni	Gauteng
Settur	Servizzi
Fatturat	€1,200,000
Impjegati	25

Impatt

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.