South AfricaMoyo At Eden
With a loan of 49,200 euro, Moyo At Eden will be able to complete the purchase of a restaurant in Cape Town.
€49,200
3.75%
12 months
6 months
EUR
Currency| Amount | €49,200 |
| Interest | 3.75% |
| Maturity | 12 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Moyo At Eden is a unique African dining experience. Inspired by the traditions and values of our ancestors, Moyo is a celebration of, and commitment to, the beauty of Africa, and the industry of her people. Their famously warm hospitality and modern African ambience make the moyo experience an unforgettable one.
Situated in some of the most iconic South African sites, the Cape Town Moyo establishments can be found in Blouberg and Kirstenbosch; the Durban establishment at Ushaka Marine World and the Johannesburg establishments at Melrose Arch and Zoo Lake.
The Cape Town franchise was recently taken over by a new owner and requires funding to complete the purchase of the restaurant in Blouberg, Cape Town. Lulalend will provide the funds to facilitate this purchase.
| Company name | Lulalend |
| CEO | Duane van Tonder |
| Founded | 2008-01-01 |
| Location | Western Cape |
| Sector | Services |
| Turnover | €1,821,772 |
| Employees | 97 |
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
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We have already contributed to Moyo At Eden
Poul BrandsJan EijgenraamWillem van WingerdenLiesbeth DoramaLot Hagenaars