funding gap emerging markets
South Africa

Mustacchio Caffé

  • Lulalend
  • Local partner investment
  • + 109 other investors
  • With a loan of EUR 32,600 Mustacchio Caffé will be able to emerge into the busy season with a healthy business and great opportunity.

    €32,600
    Amount
    3.75%
    Interest
    12 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€32,600
    Interest3.75%
    Maturity12 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 8 hours on 14 February 2019.
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      Summary

      Mustacchio Caffé is owned by director Yor Balini, an Italian with a passion for good coffee. After visiting and falling in love with South Africa he decided to pursue his passion in the Mother City and opened his Caffé in the Cape Town CBD, which promises to deliver quality in every cup. Mustacchio Caffé also promises to deliver on good food; the restaurant is famous for its waffle burger and is a popular spot for breakfast, lunch and supper.

      With Cape Town being a tourism hub, which tends to be quite seasonal, Mustacchio's required funding to see them through their quieter months. With the help of Lulalend they were able to continue smoothly through those months and emerge into the busy season with a healthy business and great opportunity for booming demand.

      Since then Mustacchio Caffé has featured on a number of ‘top restaurant’ lists including the top 500 in a book released by popular restaurant review company Eat Out.

      Company nameMustacchio Caffé
      CEOYor Balini
      Founded2014-01-01
      LocationCape Town
      SectorWholesale / Retail
      Turnover€228,043.40
      Employees12

      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.

       

      Related blog articles

      Read here the introduction of Lulalend as a new Lendahand investment opportunity.

      Curious to learn more on how Lulalend uses technology to fight poverty? Read more here.

      • With this investment 3 jobs are created
      • With this investment 12 lives are improved

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      We have already contributed for Mustacchio Caffé

      Jacques van den Bosch
      Han de Haas
      Guido van Velsen
      Frank Fekken
      Edwin Tofield
      + and another
      109
      investors