Moyo At Eden

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Sudáfrica

Moyo At Eden

Lulalend

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With a loan of 49,200 euro, Moyo At Eden will be able to complete the purchase of a restaurant in Cape Town.

€49,200

Importe

3.75%

Interés

12 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€49,200
Interés	3.75%
Vencimiento	12 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 2 díasen 6 Octubre 2019.

El proyecto

Moyo At Eden is a unique African dining experience. Inspired by the traditions and values of our ancestors, Moyo is a celebration of, and commitment to, the beauty of Africa, and the industry of her people. Their famously warm hospitality and modern African ambience make the moyo experience an unforgettable one.

Situated in some of the most iconic South African sites, the Cape Town Moyo establishments can be found in Blouberg and Kirstenbosch; the Durban establishment at Ushaka Marine World and the Johannesburg establishments at Melrose Arch and Zoo Lake.

The Cape Town franchise was recently taken over by a new owner and requires funding to complete the purchase of the restaurant in Blouberg, Cape Town. Lulalend will provide the funds to facilitate this purchase.

Nombre de la empresa	Lulalend
Director general	Duane van Tonder
Fundado	2008-01-01
Ubicación	Western Cape
Sector	Servicios
Volumen de negocio	€1,821,772
Empleados	97

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.