New Southern Energy

1er investissement ? 500 € garantis avec le code GOODSTART.

Afrique du Sud

New Southern Energy

Lulalend

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With a loan of EUR 72,000 local partner Lulalend will be able to provide grow capital to New Southern Energy, so they can realise several sustainable energy projects in South Africa.

€72 000

Montant

4,25%

Intérêt

12 mois

Maturité

6 mois

Remboursements

EUR

Devise

Montant	€72 000
Intérêt	4,25%
Maturité	12 mois
Remboursements	6 mois
Devise	EUR

100%

Entièrement financé en 1 jour sur 29 Avril 2020.

Le projet

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 New Southern Energy.

New Southern Energy (NSE) is a leading South African-based, full-service renewable energy provider for distributed energy projects throughout Africa. They offer a complete turnkey service with the assessment, design, supply, financing, implementation and ongoing maintenance of renewable energy projects in the public and private sector, providing impartial energy advice.

NSE believes renewable energy is a key resource in providing power to the African continent and they aim to make a meaningful impact to improve the lives of millions of people across Africa. Their vision is to solve some of the problems faced by the African continent through accelerating the adoption of renewable energy through a distributed energy approach. Their team is committed in every aspect of achieving this.

Nom de l’entreprise	Lulalend
PDG	David Masureik
Création	2010-01-01
Lieu	Cape Town
Secteur	Projets d'énergie durable
Chiffre d'affaires	€3 261 517
Employés	40

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.