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funding gap emerging markets
South Africa

Dragon Protection Services

  • Lulalend
  • Invest in a Financial Institution
  • + 27 other investors
  • With EUR 17,000 Manhar can start a new training and development project to prevent youngsters from turning into crime.

    €17,000
    Amount
    3.75%
    Interest
    6 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€17,000
    Interest3.75%
    Maturity6 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 22 minutes on 15 June 2018.

      Summary

      Safety and security has always been a pressing issue in South Africa. Due to the high violent crime rate, most of the South African citizens do not feel safe. The public trust in the local police forces and law system is very low. That is why Manhar Parshotam decided to start his own Security Service to ensure safety to the local citizens in Durban.

      Nowadays, Dragon Protection Services offers all kinds of security, form Public Event Security to Private Guarding of celebrities on a national basis. They provide training to prevent underprivileged youngsters from turning into crime. They decided to positively use their potential to fight crime instead. Dragon Protection is closely  involved in security training and development projects.

      With a loan provided by local partner Lulalend, Dragon Protection Services will be able to start a new training and development project to prevent young underprivileged South Africans from turning into crime and instead enable them to ensure a feeling of safety for local citizens.

      Company nameDragon Protection Services
      CEOManhar Parshotam
      Founded2008-01-01
      LocationDurban
      SectorServices
      Turnover€81,577.15
      Employees135

      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 3 jobs are created
      • With this investment 12 lives are improved

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      We have already contributed to Dragon Protection Services

      Gert Mosterd
      Jos Vlak
      Dirk Rentmeester
      Marco Mansveld
      Daphne Hes
      + and another
      27
      investors