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.
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 name||Mustacchio Caffé|
|Sector||Wholesale / Retail|
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.
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.
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- With this investment 3 jobs are created
- With this investment 12 lives are improved