South Africa

Lulalend

With a loan of EUR 250,000 Lulalend will be able to provide working capital to small and medium Enterprises in South-Africa.

  • Local partner investment
  • 10 nieuwe banen
  • 100 mensen bereikt
Issuer

€250,000

Amount

12 months

Maturity

4.25%

Annual interest
100%
Fully funded in 10 days on 23 April 2020.
+ 588 other investors

Summary

Warning

In the coming period there are different conditions for this partner. More information can be found here.

  • The interest rate has been temporarily increased by 0,5 percentage point to accommodate the growing uncertainty associated with COVID-19.
  • In addition, this investee is allowed - provided they continue to comply with the applicable covenants - to refinance future repayments to Lendahand investors with the funds raised from this project.
  • Repayments occur after 12 months, not after 6 months (grace period).

Lulalend is a South African SME lender. The company is built on the belief in the power of small businesses and strives to empower businesses throughout South Africa. Lulalend's loans are characterised by speed, convenience, and easy application. This is achieved through the company's automated online platform.

Information document issuing entity (NL)

Information note issuing entity (BE)

Trevor Gosling is the company's founder and has been its CEO since inception in 2014. Trevor is a chartered accountant with 7 years of experience in investment banking as well as 3 years experience in structured finance. Before starting Lulalend, Trevor found and succesfully exited an e-commerce venture.

With a loan Lulalend will be able to provide working capital to small and medium Enterprises in South-Africa.

 

Company nameLulalend
CEOTrevor Gosling
Founded2014-01-01
LocationGauteng
SectorServices
Turnover€1,200,000
Employees25

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We have already contributed for Lulalend

Klaas Mosterd
Piet van der Kooi
Robert Schellekens
Els van Lieshout
Jan-Dik Boot
+ and another
588
investors