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

Delberg Engineering

  • Lulalend
  • Invest in a Financial Institution
  • + 183 other investors
  • With a loan of EUR 62,600 Delberg Engineering will have enough working capital to execute a big contract with Transnet Rail.

    €62,600
    Amount
    3.75%
    Interest
    12 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€62,600
    Interest3.75%
    Maturity12 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 6 hours on 20 May 2019.

      Summary

      Delberg Engineering started out as a small tube manufacturer in 1990. Since then they have expanded the company into a well-established pipe bending, tube manipulation and manufacturing company.

      In 2013 Delberg joined with Corrotherm Special Metals Africa; this provided further opportunities for growth into new markets across Africa.

      Delberg currently has 55 permanent staff and operates under the leadership of CEO and director Owen Maroleni. Owen originally worked at Corrotherm and started running the enterprise after a merge in 2013. Owen has been working in the metals industry since 1996 and uses his years of experience to further the growth and efficient daily operations of the company.

      Recently Delberg Engineering was able to secure a big contract with Transnet Rail, but didn’t have the working capital to carry the project through. Lulalend provided the necessary funding for the project and ensured Delberg could uphold its reputation of being one of the foremost companies in its industry.

      Company nameDelberg Engineering
      CEOOwen Maroleni
      Founded1990-01-01
      LocationGauteng
      SectorManufacturing / Production
      Turnover€1,314,748.30
      Employees55

      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 5 jobs are created
      • With this investment 55 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 Delberg Engineering

      Frieda Soetenga
      Christ Tielemans
      Cees van Iperen
      Lot Hagenaars
      Johan Feddema
      + and another
      183
      investors