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funding gap emerging markets
South Africa

Drongo Polygon Technologies

  • Lulalend
  • Invest in a Financial Institution
  • + 111 other investors
  • With a loan of EUR 34,100 Drongo will be able to buy more inventory like voice alert systems and wireless beams.

    €34,100
    Amount
    3.75%
    Interest
    12 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€34,100
    Interest3.75%
    Maturity12 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 8 hours on 14 October 2019.

      Summary

      Drongo sells voice alert systems that are linked to wireless beams on the parameters of the customers’ premises. The beams are linked to voice messages recorded on an indoor speaker unit. If a beam is triggered, the associated message is played on the speaker, stealthily alerting you to intruders on your property.

      This product was designed to ensure peace of mind for the South African resident. This is achieved through timely notification of an intrusion and aids in the safety and security of customers homes.

      Lulalend’s funding of Drongo will enable the company to purchase more inventory.

      Company nameDrongo Polygon Technologies
      CEOCarel Hauptfleisch
      Founded2003-01-01
      LocationWestern Cape
      SectorServices
      Turnover€571,285
      Employees20

      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 1 jobs are created
      • With this investment 60 lives are improved

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      We have already contributed to Drongo Polygon Technologies

      Ron van Eijk
      Gert Mosterd
      Els Mol
      Jan de Wit
      Frank Fekken
      + and another
      111
      investors