The project

Warning

In the coming period there are different conditions for this partner. More information can be found here.

• The interest rate has been temporarily increased by 0,5 percentage point to accommodate the growing uncertainty associated with COVID-19.
• In addition, this investee is allowed - provided they continue to comply with the applicable covenants - to refinance future repayments to Lendahand investors with the funds raised from this project.
• Repayments occur after 12 months, not after 6 months (grace period).

Lulalend is a South African SME lender. The company is built on the belief in the power of small businesses and strives to empower businesses throughout South Africa. Lulalend's loans are characterised by speed, convenience, and easy application. This is achieved through the company's automated online platform.

Information document issuing entity (NL)

Information note issuing entity (BE)

Trevor Gosling is the company's founder and has been its CEO since inception in 2014. Trevor is a chartered accountant with 7 years of experience in investment banking as well as 3 years experience in structured finance. Before starting Lulalend, Trevor found and succesfully exited an e-commerce venture.

With this loan Lulalend will be able to provide working capital to New Southern Energy.

New Southern Energy (NSE) is a leading South African-based, full-service renewable energy provider for distributed energy projects throughout Africa. They offer a complete turnkey service with the assessment, design, supply, financing, implementation and ongoing maintenance of renewable energy projects in the public and private sector, providing impartial energy advice.

NSE believes renewable energy is a key resource in providing power to the African continent and they aim to make a meaningful impact to improve the lives of millions of people across Africa. Their vision is to solve some of the problems faced by the African continent through accelerating the adoption of renewable energy through a distributed energy approach. Their team is committed in every aspect of achieving this.