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funding gap emerging markets
South Africa

Kind2Hearing

  • Lulalend
  • Invest in a Financial Institution
  • + 120 other investors
  • With a loan of EUR 49,200 Kind2Hearing will be able to increase the inventory to meet the high demand of clients.

    €49,200
    Amount
    3.75%
    Interest
    12 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€49,200
    Interest3.75%
    Maturity12 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 5 hours on 16 September 2019.

      Summary

      Kind2Hearing is a privately owned South African company with a passion for excellent end use experience and public awareness of hearing loss.

      They are passionate about helping people who suffer from hearing loss and providing hearing protection. They specialise in the latest hearing technologies from multiple internationally recognised hearing aid companies such as Resound, Interton and Sonic and their audiology practices are nationwide.

      Kind2Hearing needed funding to finance the increased demand for their products. 

      Company nameKind2Hearing
      CEOPieter Coetzee
      Founded2008-01-01
      LocationPretoria
      SectorWholesale / Retail
      Turnover€1,275,240
      Employees143

      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 5 jobs are created
      • With this investment 143 lives are improved

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      We have already contributed to Kind2Hearing

      Peter Boot
      Ton Van der Meer
      Leendert Smit
      Manfred Jansen
      Ron van Eijk
      + and another
      120
      investors