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funding gap emerging markets
South Africa

SJR Printers 2

  • Lulalend
  • Invest in a Financial Institution
  • + 190 other investors
  • With a 2nd loan of EUR 60,000 Jerome Roberts will be able to increase his working capital and expand his business activities.

    €60,000
    Amount
    3.75%
    Interest
    12 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€60,000
    Interest3.75%
    Maturity12 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 7 days on 27 March 2020.

      Summary

      Information document issuing entity (NL)

      Information note issuing entity (BE)

      Jerome’s story is an inspiring one. After completing his studies, he joined the family business, which his father had started after being retrenched from the company he had served for many years.

      Jerome’s father built a successful printing business using the skills and contacts he had made over the years. As owner, Jerome has continued his father’s legacy, moving the business to larger premises in Parow, Cape Town. SJR employ a dedicated team of local staff and diversifying the business to meet changing industry needs.

      Today, the printing side of the business is still flourishing, furthermore Jerome has successfully managed to incorporate digital printing and promotional work into the business and expanded his client base in the process.

      Jerome needs short-term SME funding to increase his working capital and expand his business activities.

      Company nameSJR Printers 2
      CEOJerome Roberts
      Founded2000-01-01
      LocationWestern Cape
      SectorServices
      Turnover€451,014
      Employees20

      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 15 lives are improved

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      We have already contributed to SJR Printers 2

      Els Mol
      Jan Meijberg
      Huub Huijsmans
      Hans Uppenkamp
      Frank Fekken
      + and another
      190
      investors