GR Laughton Hardware

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Sudáfrica

GR Laughton Hardware

Lulalend

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With a loan of EUR 60,750 GR Laughton Hardware can purchase extra stock for hard-ware, homeware and gardening equipment.

€60,750

Importe

3.75%

Interés

12 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€60,750
Interés	3.75%
Vencimiento	12 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 8 horasen 30 Septiembre 2019.

El proyecto

“Here at Laughtons hardware we are about giving the whole family warm welcoming shopping experience. Offering you unforgettable service that will keep you coming back for all your hardware, paint, home-ware, gardening and timber needs. If choice, quality and service is what you are looking for then Laughtons Hardware should be at the top of your shopping list.

At least half the employees at Laughton’s have been part of the establishment for more than 20 to 25 years. This record of long service is indicative of the solid, uncomplicated approach with which the Laughtons approach business.”

GR Laughton Hardware approached Lulalend for funding to assist with stock purchases when there is increased demand for their products.

Nombre de la empresa	Lulalend
Director general	Trevor Laughton
Fundado	1999-01-01
Ubicación	Western Cape
Sector	Mayorista / Minorista
Volumen de negocio	€1,275,240
Empleados	30

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.