Alliance Security Fencing

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Sudáfrica

Alliance Security Fencing

Lulalend

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With a loan of EUR 65,150 Alliance Security Fencing will be able to fit the shopfront of the new showroom and continue to grow.

€65,150

Importe

3.75%

Interés

12 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€65,150
Interés	3.75%
Vencimiento	12 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 2 díasen 14 Febrero 2019.

El proyecto

Hakuna Matata has been trading as Alliance Security Fencing for over 12 years under the leadership of director Justin McGarry. Their services include wall top solutions and free standing perimeter fencing solutions to ensure safety for domestic, commercial and industrial markets. There are currently 40 employees at Alliance Security Fencing, ranging from fencing installers to admin staff. The company also engages in social upliftment projects where they provide perimeter fencing to people who have been victims of burglaries. In 2014 they provided fencing to a local community centre that had been badly burgled and in 2015 a local school teacher who was also the victim of crime.

As demand for their products grew, Alliance decided to open another showroom but lacked the necessary funds to fit the shopfront. Lulalend was able to assist with a loan which ensured the adequate funds were available and growth for Alliance could continue.

Nombre de la empresa	Lulalend
Director general	Justin Mc Garry
Fundado	2004-01-01
Ubicación	Durban
Sector	Producción manufacturera
Volumen de negocio	€912,170.36
Empleados	40

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.