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funding gap emerging markets
South Africa

T7C Consulting and Trading

  • Lulalend
  • Invest in a Financial Institution
  • + 73 other investors
  • With a loan of EUR 34,000 Kasavan will be able to hire 3 new employees to support the growing data consultancy business.

    €34,000
    Amount
    3.75%
    Interest
    6 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€34,000
    Interest3.75%
    Maturity6 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 23 hours on 6 June 2018.

      Summary

      After working in Data Management for multinational companies all over the world, Mr Aboo decided to start his own data analytic service in 2012. The company specializes in SAP consulting and training and provides fast business intelligence solutions. The T7C team exists of a total of 9 employees, of which most of them are trained internally via the T7C mentorship programme. The program offers six months of sponsored technical training, business skills and practical experience for previously disadvantaged young South Africans.

      With the funding, the company will be able to afford to hire 3 new employees to support the growing business. Mr. Aboo is committed to create more opportunities for the youth in the IT industry and is hoping to train more underprivileged South Africans in the coming year.

      Company nameT7C Consulting and Trading
      CEOKasavan Aboo
      Founded2012-01-01
      LocationJohannesburg
      SectorServices
      Turnover€407,885.79
      Employees9

      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 12 lives are improved

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      We have already contributed to T7C Consulting and Trading

      Leendert Smit
      Ton Schroer
      Bas van de Haterd
      Niek de Bruijn
      Trees van den Hoogen
      + and another
      73
      investors