Hendrik van Wyk Vervoer
With a loan of EUR 60,750 Hendrik van Wyk Vervoer will be able to realise renovations to their office premises.
€60,750
3.75%
12 months
6 months
EUR
CurrencyAmount | €60,750 |
Interest | 3.75% |
Maturity | 12 months |
Repayments | 6 months |
Currency | EUR |
The project
Hendrik van Wyk Vervoer specialises in the transportation of a variety of goods throughout South Africa, Botswana, Swaziland and Namibia.
Hendrik van Wyk Vervoer has been in the transport business since 1991. The business is family owned and currently in the second generation of Van Wyks. Operating from a premises situated in Randfontein, Gauteng, the business has a fleet of 110 vehicles and employs a number of employees, including truck drivers and office administrative employees.
The company plans to do some renovations to their office premises.
Company name | Lulalend |
CEO | Hendrik van Wyk |
Founded | 1991-01-01 |
Location | Gauteng |
Sector | Services |
Turnover | €1,457,417 |
Employees | 75 |
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 3 jobs are created
- With this investment 15 lives are improved