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funding gap emerging markets
South Africa

Acczone Systems

  • Lulalend
  • Invest in a Financial Institution
  • + 73 other investors
  • With a loan of EUR 32,600 Acczone Systems will be able to purchase a new business premises and cover transfer costs.

    €32,600
    Amount
    3.75%
    Interest
    12 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€32,600
    Interest3.75%
    Maturity12 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 1 hour on 19 February 2019.

      Summary

      Acczone Systems started trading in 2009 under director Laurien Kemp. They are a computer software development company with the main focus in delivering business management solutions in the field of interest-bearing receivables/payables administration. There are currently 4 full-time employees and a steady growth plan is employed in the business. For the past few years Acczone has been spending 5% - 10% of annual turnover on R&D, this will continue going forward and ensures their product range is continually bettering itself.

      Acczone Systems applied for a loan when they were in the process of buying new business premises. The funds were needed in order to cover the transfer costs involved. Lulalend was able to assist with this and ensure Acczone were the proud owners of their property.

      Company nameAcczone Systems
      CEOLaurien Kemp
      Founded2009-01-01
      LocationPretoria
      SectorServices
      Turnover€228,043.40
      Employees4

      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 1 jobs are created
      • With this investment 4 lives are improved

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      We have already contributed to Acczone Systems

      Derkjan van Veen
      Jan Mostert
      Gerard de Jong
      Edwin Tofield
      Percy Tienhooven
      + and another
      73
      investors