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funding gap emerging markets
South Africa

Skills Resource Group 2

  • Lulalend
  • Invest in a Financial Institution
  • + 195 other investors
  • With a 2nd loan of EUR 61,000 Skills Resource Group will be able to further expand staffing, training, safety and payroll solutions.

    €61,000
    Amount
    3.75%
    Interest
    12 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€61,000
    Interest3.75%
    Maturity12 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 6 days on 30 October 2019.

      Summary

      Skills resource group operates in the business solutions sector. They have a passion for people development which is administered through staffing, training, safety and payroll solutions. The business was established in 1994, currently under directors Sonja Diesel-Reynolds and Peter Diesel-Reynolds.

      Skills resource group currently employs 500 staff members and has been servicing some of their clients for over 15 years. This length of service is testament to their valuable human resource development and staff training solutions.

      Skills resource group seeks to make a difference in the community through making a difference at an individual level.

       

      Company nameSkills Resource Group 2
      CEOSonja Diesel-Reynolds
      Founded1994-01-01
      LocationCape Town
      SectorServices
      Turnover€1,317,996
      Employees500

      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 Skills Resource Group 2

      Elise Schroer
      Piet van der Kooi
      Jan van Munster
      Anastasios Krommydas
      Huub Huijsmans
      + and another
      195
      investors