Delberg Engineering

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Sudáfrica

Delberg Engineering

Lulalend

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With a loan of EUR 62,600 Delberg Engineering will have enough working capital to execute a big contract with Transnet Rail.

€62,600

Importe

3.75%

Interés

12 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€62,600
Interés	3.75%
Vencimiento	12 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 6 horasen 20 Mayo 2019.

El proyecto

Delberg Engineering started out as a small tube manufacturer in 1990. Since then they have expanded the company into a well-established pipe bending, tube manipulation and manufacturing company.

In 2013 Delberg joined with Corrotherm Special Metals Africa; this provided further opportunities for growth into new markets across Africa.

Delberg currently has 55 permanent staff and operates under the leadership of CEO and director Owen Maroleni. Owen originally worked at Corrotherm and started running the enterprise after a merge in 2013. Owen has been working in the metals industry since 1996 and uses his years of experience to further the growth and efficient daily operations of the company.

Recently Delberg Engineering was able to secure a big contract with Transnet Rail, but didn’t have the working capital to carry the project through. Lulalend provided the necessary funding for the project and ensured Delberg could uphold its reputation of being one of the foremost companies in its industry.

Nombre de la empresa	Lulalend
Director general	Owen Maroleni
Fundado	1990-01-01
Ubicación	Gauteng
Sector	Producción manufacturera
Volumen de negocio	€1,314,748.30
Empleados	55

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.