First investment? Get €500 guaranteed with code GOODSTART.
Find out how
funding gap emerging markets
South Africa

Sizani Foods

  • Lulalend
  • Invest in a Financial Institution
  • + 59 other investors
  • With a loan of EUR 32,600 Sizani Foods will be able to purchase more raw materials in order to supply feeding schemes all over South Africa.

    €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

      Sizani Foods was established in 1995 by Brian Moore, at the birth of South Africa’s new democracy. Initially, it was established as a distributor of basic food products, servicing the South African Government's welfare nutrition programme, and began packing up food parcels for feeding schemes in the greater Johannesburg area, that were funded by the Government. The word SIZANI is derived from the Zulu word Sizanani, which means "we help”. Today Sizani food is a manufacturer of quality dry powder food products based in Midrand, Gauteng, South Africa. They have three divisions: the main division is feeding scheme supply, where we supply more than 60 000 meals each day, Our second division is Contract manufacturing, and last division is foodservice supply. Sizani currently has 14 full-time employees.

      With the loan provided by Lulalend Sizani Foods was able to purchase more raw materials in order to supply Feeding schemes all over South Africa. They have a large customer database of amazing Non Profit organisations that they have partnered with, to which they provide an effective food solution. They also assist many organisations with donations of food and other free services and help wherever they can, so that more of the desperately needy can be assisted.

      Company nameSizani Foods
      CEOBrian Moore
      Founded1995-01-01
      LocationMidrand, Gauteng
      SectorManufacturing / Production
      Turnover€1,368,260.37
      Employees14

      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 2 jobs are created
      • With this investment 14 lives are improved

      Sorry! You must be logged in to view this page.

      Sorry! You must be logged in to view this page.

      Sorry! You must be logged in to view this page.

      Sorry! You must be logged in to view this page.

      Sorry! You must be logged in to view this page.

      We have already contributed to Sizani Foods

      Willem Huiting
      Jan Mostert
      Marc Sierink
      Edwin Tofield
      + and another
      59
      investors