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funding gap emerging markets
South Africa

MSAT Media Holdings

  • Lulalend
  • Invest in a Financial Institution
  • + 50 other investors
  • With a loan of EUR 20,400 MSAT will be able to hire 7 new employees to be able to carry out the new acquired project.

    €20,400
    Amount
    3.75%
    Interest
    6 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€20,400
    Interest3.75%
    Maturity6 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 4 hours on 5 June 2018.

      Summary

      MSAT Global Communications is a digital satellite solutions company providing transmission services for professional broadcasters. They do everything from consulting on broadcasting strategies to the practical provision of the materials needed. The company was established after director Zolinzima Mkhuma voluntarily helped a friend on a project, resulting in his friend recommending him to partners in the broadcasting industry. Currently the organization has 27 full-time employees and serves customers all over Africa. The organization works a lot with young people, who start of as volunteers. They invests a lot of time in training their volunteers, so they can eventually stay within the business as professional employees.

      The business has recently obtained a project in collaboration with IBC (International Broadcast Center). As this will be their first encounter with this big name in the broadcasting industry, it is crucial for them to make a good impression. They will need to hire 7 new employees to be able to carry out this project.

      Local partner Lulalend will provide the loan.

      Company nameMSAT Media Holdings
      CEOZolinzima Mkhuma
      Founded2007-01-01
      LocationJohannesburg
      SectorServices
      Turnover€217,539,089.05
      Employees27

      Impact

      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.

       

      SDGs impacted

      With this project you are contributing to the following Sustainable Development Goals:

      SDG 1. No poverty

      SDG 8. Decent work and economic growth

      Read more about the impact you can make through our platform and the SDGs on our impact page.

      • With this investment 7 jobs are created
      • With this investment 28 lives are improved

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      We have already contributed to MSAT Media Holdings

      Marco Mansveld
      Corné de Haas
      Trees van den Hoogen
      Leendert Smit
      Niek de Bruijn
      + and another
      50
      investors