Rocotta Clay Brick and Cement Centre

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South Africa

Rocotta Clay Brick and Cement Centre

Lulalend

Invest in microfinance

+ 135 other investors

With a loan of EUR 49,200 Rocotta Clay Brick and Cement Centre will be able to purchase new equipment to keep up with their growing demand.

€49,200

Amount

3.75%

Interest

12 months

Maturity

6 months

Repayments

EUR

Currency

Amount	€49,200
Interest	3.75%
Maturity	12 months
Repayments	6 months
Currency	EUR

100%

Fully funded in 1 day on 4 October 2019.

The project

Rocotta is the one stop shop for bricks in Polokwane, Limpopo region. Limpopo is still a very undeveloped province without proper housing. The bricks are therefore in demand from consumers wanting to build proper housing.

They supply a wide range of products, such as; stock bricks, pavers and cement. They strive to be your one stop shop for all your building needs.

Rocotta required the funding to purchase new equipment to keep up with their growing demand.

Company name	Lulalend
CEO	Renette Van Rhyn
Founded	2004-01-01
Location	Limpopo
Sector	Manufacturing / Production
Turnover	€1,275,240
Employees	25

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 25 lives are improved

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We have already contributed to Rocotta Clay Brick and Cement Centre

Peter Boot

Ron van Eijk

Erik Hamelink

Gert Mosterd

Jan Mostert

+ and another

135

investors