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funding gap emerging markets
South Africa

Alliance Security Fencing

  • Lulalend
  • Invest in a Financial Institution
  • + 193 other investors
  • With a loan of EUR 65,150 Alliance Security Fencing will be able to fit the shopfront of the new showroom and continue to grow.

    €65,150
    Amount
    3.75%
    Interest
    12 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€65,150
    Interest3.75%
    Maturity12 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 2 days on 14 February 2019.

      Summary

      Hakuna Matata has been trading as Alliance Security Fencing for over 12 years under the leadership of director Justin McGarry. Their services include wall top solutions and free standing perimeter fencing solutions to ensure safety for domestic, commercial and industrial markets. There are currently 40 employees at Alliance Security Fencing, ranging from fencing installers to admin staff. The company also engages in social upliftment projects where they provide perimeter fencing to people who have been victims of burglaries. In 2014 they provided fencing to a local community centre that had been badly burgled and in 2015 a local school teacher who was also the victim of crime.

      As demand for their products grew, Alliance decided to open another showroom but lacked the necessary funds to fit the shopfront. Lulalend was able to assist with a loan which ensured the adequate funds were available and growth for Alliance could continue.

      Company nameAlliance Security Fencing
      CEOJustin Mc Garry
      Founded2004-01-01
      LocationDurban
      SectorManufacturing / Production
      Turnover€912,170.36
      Employees40

      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 4 jobs are created
      • With this investment 16 lives are improved

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      We have already contributed to Alliance Security Fencing

      Ron van Eijk
      Jos Dingemans
      Leendert Smit
      Dirk Rentmeester
      Lot Hagenaars
      + and another
      193
      investors