Dragon Protection Services

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Afrique du Sud

Dragon Protection Services

Lulalend

Investir dans la microfinance

+ 27 autres investisseurs

With EUR 17,000 Manhar can start a new training and development project to prevent youngsters from turning into crime.

€17 000

Montant

3,75%

Intérêt

6 mois

Maturité

6 mois

Remboursements

EUR

Devise

Montant	€17 000
Intérêt	3,75%
Maturité	6 mois
Remboursements	6 mois
Devise	EUR

100%

Entièrement financé en 22 minutes sur 15 Juin 2018.

Le projet

Safety and security has always been a pressing issue in South Africa. Due to the high violent crime rate, most of the South African citizens do not feel safe. The public trust in the local police forces and law system is very low. That is why Manhar Parshotam decided to start his own Security Service to ensure safety to the local citizens in Durban.

Nowadays, Dragon Protection Services offers all kinds of security, form Public Event Security to Private Guarding of celebrities on a national basis. They provide training to prevent underprivileged youngsters from turning into crime. They decided to positively use their potential to fight crime instead. Dragon Protection is closely involved in security training and development projects.

With a loan provided by local partner Lulalend, Dragon Protection Services will be able to start a new training and development project to prevent young underprivileged South Africans from turning into crime and instead enable them to ensure a feeling of safety for local citizens.

Nom de l’entreprise	Lulalend
PDG	Manhar Parshotam
Création	2008-01-01
Lieu	Durban
Secteur	Services
Chiffre d'affaires	€81 577,15
Employés	135

Impact

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.