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 Caterwize.
Caterwize is a supplier of a wide variety of Refrigeration, Catering, Bakery and Butchery Equipment. They serve a wide variety of clients, ranging from restaurants to individual business owners and everyday home users - no client or business is too big or too small for them. They pride themselves on excellent service and products, and strive to meet each client’s individual needs. Through the equipment they offer, they aim to help their clients to focus on the food they serve and running a successful business.
The goal of Caterwize is to improve the lives of many South Africans by supplying the necessary equipment and tools at competitive prices. With this in mind, they hope to contribute to a better economy for South Africa as a whole by creating business opportunities and starting a ripple effect on employment. They believe that South Africa is a nation willing to work hard and determined to rise above their challenges and difficult circumstances.