Khonology

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Sudáfrica

Khonology

Lulalend

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With a loan of EUR 65,150 Khonology will be able to offer more business solutions to companies in Africa.

€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

Started in 2013, Khonology is a technology services company that provides world class business solutions with the vision of empowering Africa’s businesses and people.They look after banks, financial services companies as well as insurance houses. Providing them with: people, tools and acceleration bespoke services.Khonology currently has 89 full time employees and 40 contractors. In 2018 JAGRiders receive a special visit from Michael Roberts, (CEO) Khonology, to announce he and his company will be backing them and help grow the programme at Bergsig Primary school through his sponsorship.The Khonology sponsorship allows the JAGRiders programme to fix and maintain all it’s bicycles, provide upkeep and upgrades to the Bergsig Track, assist in providing transport to events with specialist trailer hire, and grow the capacity of the programme, creating increased impact.

With the credit facility provided by Lulaland, Khonology was able to have immediate access to funds when they needed money.

Nombre de la empresa	Lulalend
Director general	Michael Roberts
Fundado	2013-01-01
Ubicación	Rosebank, Gauteng
Sector	Servicios
Volumen de negocio	€3,257,762.79
Empleados	129

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.