Axon Group

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Sudáfrica

Axon Group

Lulalend

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With a loan of EUR 101,900 Axon Group, a company offering full service security and premises enhancement solutions, will be able to expand and improve their service.

€101,900

Importe

4.25%

Interés

12 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€101,900
Interés	4.25%
Vencimiento	12 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 20 díasen 15 Junio 2020.

El proyecto

Warning

In the coming period there are different conditions for this partner. More information can be found here.

The interest rate has been temporarily increased by 0,5 percentage point to accommodate the growing uncertainty associated with COVID-19.
In addition, this investee is allowed - provided they continue to comply with the applicable covenants - to refinance future repayments to Lendahand investors with the funds raised from this project.
Repayments occur after 12 months, not after 6 months (grace period).

Lulalend is a South African SME lender. The company is built on the belief in the power of small businesses and strives to empower businesses throughout South Africa. Lulalend's loans are characterised by speed, convenience, and easy application. This is achieved through the company's automated online platform.

Information document issuing entity (NL)

Information note issuing entity (BE)

Trevor Gosling is the company's founder and has been its CEO since inception in 2014. Trevor is a chartered accountant with 7 years of experience in investment banking as well as 3 years experience in structured finance. Before starting Lulalend, Trevor found and succesfully exited an e-commerce venture.

With this loan Lulalend will be able to provide working capital to Axon Group.

Axon Group is a full service security and premises enhancement solution.

At Axon, the most important part of their work is to ensure that all their customers are satisfied with the services they receive. Axon has a very experienced executive Management team with over 100 years collective Security Industry experience.

At Axon, security is believed to be a personalized hands-on business and that is why they strive to be a professional Security Provider that at all times aim to offer their customers the highest levels of service.

Nombre de la empresa	Lulalend
Director general	Angus Partridge
Fundado	2018-01-01
Ubicación	Gauteng
Sector	Servicios
Volumen de negocio	€407,680
Empleados	100

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.