Impact+ Spartan 2019-2
With EUR 177,500 Spartan will be able to provide working capital to companies so these entrepreneurs can continue to grow their business.
€177,500
3.50%
12 months
6 months
EUR
CurrencyAmount | €177,500 |
Interest | 3.50% |
Maturity | 12 months |
Repayments | 6 months |
Currency | EUR |
The project
Investments via Impact + are direct investments in financial institutions and/or companies and cannot be related to specific projects.
With a loan Spartan will be able to provide working capital to small and medium enterprises in South-Africa.
Company name | Spartan Impact Finance |
CEO | Kumaran Padayachee |
Founded | 2011-01-01 |
Location | Johannesburg |
Sector | Financial services |
Turnover | €3,200,000 |
Employees | 26 |
Impact
SMEs are crucial to the economy in South Africa, yet they struggle to access the capital they need to grow and thrive. Spartan Impact Finance provides funding to growing South African SMEs through their digitized financing process. They understand the entrepreneur's business and needs, and help strengthen skills, knowledge, and efficiency to run a growing business successfully.
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 100 lives are improved