Wholesome fresh bakery

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Afrique du Sud

Wholesome fresh bakery

Lulalend

Investir dans la microfinance

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With a loan of EUR 32,600 Wholesome fresh bakery will be able to purchase raw materials and buy new machinery.

€32 600

Montant

3,75%

Intérêt

12 mois

Maturité

6 mois

Remboursements

EUR

Devise

Montant	€32 600
Intérêt	3,75%
Maturité	12 mois
Remboursements	6 mois
Devise	EUR

100%

Entièrement financé en 12 heures sur 21 Février 2019.

Le projet

Wholesome fresh bakery started trading in 2015 as an industrial plant bakery that provides bread for informal trade. With 3 types of bread ranging from Super white, Super brown and Milk bread. The business started when 3 friends saw a gap in the market for a supply of bread in the less advantaged areas. When the business started in 2015, it started with very minimal resources. Today, the company has a huge industrial plant bakery in Parow with over 300 unskilled employees. It is Wholesome fresh bakery’s vision to care about the community by being actively involved in sport, cultural, education and other community building activities throughout the years as they believe it encourages Wholesome Living.

Wholesome bakery requested funds from Lulaland because they were approaching their peak season and wanted to purchase raw materials to make enough bread to carry them over the festive season. In addition, they also wanted to upgrade their machinery to speed up the manufacturing process of making bread as the demand for their product was tremendous.

Nom de l’entreprise	Lulalend
PDG	Mohamed Sonday
Création	2015-01-01
Lieu	Cape Town
Secteur	Fabrication / Production
Chiffre d'affaires	€1 368 260,37
Employés	300

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.