Adriya Sports and Fencing
With a loan of EUR 49,200 Adriya Sports and Fencing will be able to buy raw materials so they can complete their projects on time.
€49,200
3.75%
12 months
6 months
EUR
CurrencyAmount | €49,200 |
Interest | 3.75% |
Maturity | 12 months |
Repayments | 6 months |
Currency | EUR |
The project
Established in 1993, Adriya Sports and Fencing is a market leader in the fencing industry, providing only the highest quality service and products to users ranging from the home-owner to blue-chip construction companies and government departments.
From humble beginnings, Adriya Fencing has become firmly entrenched in the construction industry as a company of high-repute and is proud to be associated with some of the most prestigious residential, commercial and industrial developments in KwaZulu Natal as a subcontractor to various construction companies.
Adriya Sports and Fencing needs access to funding for raw materials to complete projects. A loan from Lulalend will help them to complete the projects on time.
Company name | Lulalend |
CEO | Vyash Ramluggan |
Founded | 2002-01-01 |
Location | Kwazulu-Natal |
Sector | Manufacturing / Production |
Turnover | €1,275,240 |
Employees | 42 |
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 10 jobs are created
- With this investment 50 lives are improved