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.
|Borrower||Lula Lend (PTY) Ltd|
|Head office||Cape Town|
|Founded||13 August 2014|
|Active on Lendahand since||1 June 2018|
Financial information per 2020-09-30
|Equity / total assets||32.00%|
|Write-off ratio last 12 months||4.42%|
|% investment amount in arrears (>90 days)||10.10%|
About South Africa
South-Africa, officially Republic of South-Africa, is a country on the southern end of Africa. It is a developing country with, according to world standards, an average income level. The financial, legal, communication, energy and transport sectors are well developed as is the country’s infrastructure, but the unemployment rate, being 26%, is still especially high and the economical problems emerging from the apartheid system haven’t been solved. The government aims to improve economic growth and attract more foreign investments by softening labor legislation, accelerating privatization and diminishing government spending.
Most recently funded project
With a loan of EUR 150,000 Lulalend will be able to provide working capital to 6 small and medium enterprises in South-Africa so these companies can expand their production facilities.
- Local partner investment
- 10 new jobs
- 100 people reached