funding gap emerging markets
South Africa

GR Laughton Hardware

  • Lulalend
  • Local partner investment
  • + 164 other investors
  • With a loan of EUR 60,750 GR Laughton Hardware can purchase extra stock for hard-ware, homeware and gardening equipment.

    €60,750
    Amount
    3.75%
    Interest
    12 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€60,750
    Interest3.75%
    Maturity12 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 8 hours on 30 September 2019.
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      Summary

      “Here at Laughtons hardware we are about giving the whole family warm welcoming shopping experience. Offering you unforgettable service that will keep you coming back for all your hardware, paint, home-ware, gardening and timber needs. If choice, quality and service is what you are looking for then Laughtons Hardware should be at the top of your shopping list.

      At least half the employees at Laughton’s have been part of the establishment for more than 20 to 25 years. This record of long service is indicative of the solid, uncomplicated approach with which the Laughtons approach business.”

      GR Laughton Hardware approached Lulalend for funding to assist with stock purchases when there is increased demand for their products.

      Company nameGR Laughton Hardware
      CEOTrevor Laughton
      Founded1999-01-01
      LocationWestern Cape
      SectorWholesale / Retail
      Turnover€1,275,240
      Employees30

      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 15 people are reached

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      We have already contributed for GR Laughton Hardware

      Frans Eijsermans
      Jos Schreur
      Arjanne Rietsema
      Leendert Smit
      Manfred Jansen
      + and another
      164
      investors