T7C Consulting and Trading

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Sudáfrica

T7C Consulting and Trading

Lulalend

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With a loan of EUR 34,000 Kasavan will be able to hire 3 new employees to support the growing data consultancy business.

€34,000

Importe

3.75%

Interés

6 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€34,000
Interés	3.75%
Vencimiento	6 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 23 horasen 6 Junio 2018.

El proyecto

After working in Data Management for multinational companies all over the world, Mr Aboo decided to start his own data analytic service in 2012. The company specializes in SAP consulting and training and provides fast business intelligence solutions. The T7C team exists of a total of 9 employees, of which most of them are trained internally via the T7C mentorship programme. The program offers six months of sponsored technical training, business skills and practical experience for previously disadvantaged young South Africans.

With the funding, the company will be able to afford to hire 3 new employees to support the growing business. Mr. Aboo is committed to create more opportunities for the youth in the IT industry and is hoping to train more underprivileged South Africans in the coming year.

Nombre de la empresa	Lulalend
Director general	Kasavan Aboo
Fundado	2012-01-01
Ubicación	Johannesburg
Sector	Servicios
Volumen de negocio	€407,885.79
Empleados	9

Impacto

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.