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funding gap emerging markets
Sudáfrica

Sizani Foods

  • Lulalend
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  • With a loan of EUR 32,600 Sizani Foods will be able to purchase more raw materials in order to supply feeding schemes all over South Africa.

    €32,600
    Importe
    3.75%
    Interés
    12 meses
    Vencimiento
    6 meses
    Reembolsos
    EUR
    Moneda
    Importe€32,600
    Interés3.75%
    Vencimiento12 meses
    Reembolsos6 meses
    MonedaEUR
      100%
      Completamente financiado en 1 hora.en 19 Febrero 2019.

      El proyecto

      Sizani Foods was established in 1995 by Brian Moore, at the birth of South Africa’s new democracy. Initially, it was established as a distributor of basic food products, servicing the South African Government's welfare nutrition programme, and began packing up food parcels for feeding schemes in the greater Johannesburg area, that were funded by the Government. The word SIZANI is derived from the Zulu word Sizanani, which means "we help”. Today Sizani food is a manufacturer of quality dry powder food products based in Midrand, Gauteng, South Africa. They have three divisions: the main division is feeding scheme supply, where we supply more than 60 000 meals each day, Our second division is Contract manufacturing, and last division is foodservice supply. Sizani currently has 14 full-time employees.

      With the loan provided by Lulalend Sizani Foods was able to purchase more raw materials in order to supply Feeding schemes all over South Africa. They have a large customer database of amazing Non Profit organisations that they have partnered with, to which they provide an effective food solution. They also assist many organisations with donations of food and other free services and help wherever they can, so that more of the desperately needy can be assisted.

      Nombre de la empresaLulalend
      Director generalBrian Moore
      Fundado1995-01-01
      UbicaciónMidrand, Gauteng
      SectorProducción manufacturera
      Volumen de negocio€1,368,260.37
      Empleados14

      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.

       

      SDGs impacted

      With this project you are contributing to the following Sustainable Development Goals:

      SDG 1. No poverty

      SDG 8. Decent work and economic growth

      Read more about the impact you can make through our platform and the SDGs on our impact page.

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      Ya hemos invertido en Sizani Foods

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