Sparten is a true South African SME lender.
Given that Spartan is exclusively focused on financing SMEs and entrepreneurs – means that they’re serving a target market with expectations of fast turnaround time, convenient engagement and aversion to documentary compliance.
So to meet those expectations – Spartan thinks technology in all they do. They have created and adopted technology smartly in key aspects of the financing process for SMEs.
Spartan pioneered Software Finance for SMEs in South Africa – and this afforded them the opportunity to be plugged into the forefront of the software ecosystem. These insights and networks have been used to develop and adopt the right technology to aid our financing of SMEs.
|Borrower||Spartan Impact Finance (PTY) LTD|
|Founded||1 January 2011|
|Active on Lendahand since||1 March 2019|
Financial information per 2019-09-30
|Equity / total assets||16.90%|
|Write-off ratio last 12 months||0.00%|
|% investment amount in arrears (>90 days)||34.00%|
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
Spartan Impact Finance 5
With EUR 100,000 Spartan will be able to provide working capital to an SME company, which operates in the transport sector, enabling it to repair and re-licence trucks and trailers, in order to fulfil a contract from a large corporate client.
- Local partner investment
- 10 new jobs
- 100 people reached