Foodeez

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Sudáfrica

Foodeez

Lulalend

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With EUR 51,000 Foodeez can hire 2 more people, purchase new equipment and acquire new projects to make a change.

€51,000

Importe

3.75%

Interés

6 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€51,000
Interés	3.75%
Vencimiento	6 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 1 hora.en 14 Junio 2018.

El proyecto

Foodeez is a obsolete stock solution provider that grew from a local project into a multi-faceted business that now operates on a national basis. Their mission is to prevent food waste by using obsoletes as resources for new products.

This allows them to help local manufacturers and retailers to minimize the costs that come with obsoletes, while at the same time, they are making food affordable for individuals battling to keep their heads above water.

They are determined to make a difference and minimize the negative environmental impact of dumping.

With funding provided by local partner Lulalend Foodeez hopes to increase their working capacity by employing 2 new employees, purchase new equipment and hopefully acquire new projects to make a change.

Nombre de la empresa	Lulalend
Director general	David Bester
Fundado	2008-01-01
Ubicación	Cape Town
Sector	Producción manufacturera
Volumen de negocio	€1,359,619.30
Empleados	60

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.