South AfricaBoxfusion
With a loan of EUR 62,600 Boxfusion can improve their solutions for citizens to efficiently contact their local government.
€62,600
3.75%
12 months
6 months
EUR
Currency| Amount | €62,600 |
| Interest | 3.75% |
| Maturity | 12 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Boxfusion is a 100% South African owned, operated and staffed technology solutions company. Boxfusion seeks to transform the way the South African government operates through state of the art technology solutions.
These solutions include an end to end platform for governmental administration; they also provide platforms for citizens to efficiently contact their local government and raise concerns and/or make paperless applications.
These applications are already widely used in the mining, health and general business spaces. Their main goal is to provide efficiency and transparency to the public sector. Director, Ian Houvet, studied at the University of Manchester where he obtained his degree in Manufacturing Engineering and management. Bringing this knowledge back home he started Boxfusion in 2009. The company currently employees 18 employees and the team sees massive opportunities and growth in their future.
| Company name | Lulalend |
| CEO | Ian Houvet |
| Founded | 2009-01-01 |
| Location | Pretoria |
| Sector | Services |
| Turnover | €1,314,748.30 |
| Employees | 18 |
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 18 lives are improved
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We have already contributed to Boxfusion
Robert SchellekensTon Van der MeerCees van IperenRick DickhofChrist Tielemans