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funding gap emerging markets
South Africa

Impact+ Lulalend 2020-1

  • Lulalend
  • Invest in a Financial Institution
  • + 3 other investors
  • With a loan of EUR 90,000 Lulalend will be able to provide working capital to small and medium Enterprises in South-Africa.

    €90,000
    Amount
    3.75%
    Interest
    12 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€90,000
    Interest3.75%
    Maturity12 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 2 hours on 27 March 2020.

      Summary

      Investments via Impact + are direct investments in financial institutions and/or companies and cannot be related to specific projects.

      With a loan Lulalend will be able to provide working capital to small and medium Enterprises in South-Africa.

      Company nameImpact+ Lulalend 2020-1
      CEOTrevor Gosling
      Founded2014-01-01
      LocationGauteng
      SectorServices
      Turnover€500,000
      Employees25

      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 10 jobs are created
      • With this investment 50 lives are improved

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      We have already contributed to Impact+ Lulalend 2020-1

      A. Huibers
      Peter Boot
      + and another
      3
      investors