funding gap emerging markets
South Africa

C&G Fine Art

  • Lulalend
  • Local partner investment
  • + 44 other investors
  • With a loan of EUR 34,000 C&G Fine arts can improve the production and make more fine art items in the factory.

    €34,000
    Amount
    3.75%
    Interest
    6 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€34,000
    Interest3.75%
    Maturity6 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 1 hour on 5 June 2018.
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      Based on all Lendahand historical investments
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      Summary

      C&G Fine Art started 15 years ago as a small family business, initially providing framing services to local artists. Nowadays, the business has expanded to generate jobs to 30 employees and they specialize in customized designing and manufacturing of a broad spectrum of products. Ranging from fine art to mirrors. Everything is manufactured in-house, from the conceptualization through to installation. The majority of their labor is generic and are internally trained to improve their skills.

      In the manufacturing industry you often sit in between projects with this lull, cash flow can be a huge challenge. The business has the turnover and capacity, but struggles to get from month to month and therefore needs funding to continue their production. Mr. De Wet is very much involved in his staff and is therefore very passionate about creating jobs and providing internal skills development. Currently they are helping one of their staff members to get an accounting degree, so these skills could be used internally to help run the business.

      Company nameC&G Fine Art
      CEOChristiaan Servaas De Wet
      Founded2003-01-01
      LocationCape Town
      SectorManufacturing / Production
      Turnover€543,847.72
      Employees30

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      We have already contributed for C&G Fine Art

      Bastiaan Kommers
      Niek de Bruijn
      Jelle Volckaerts
      Ton Schroer
      Derkjan van Veen
      + and another
      44
      investors