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funding gap emerging markets
Afrique du Sud

Lulalend 3

  • Lulalend
  • Investir dans la microfinance
  • + 723 autres investisseurs
  • With a loan of EUR 350,000 Lulalend will be able to provide working capital to 15 small and medium enterprises in South-Africa so these companies can expand their production facilities.

    €350 000
    Montant
    3,75%
    Intérêt
    12 mois
    Maturité
    6 mois
    Remboursements
    EUR
    Devise
    Montant€350 000
    Intérêt3,75%
    Maturité12 mois
    Remboursements6 mois
    DeviseEUR
      100%
      Entièrement financé en 11 jours sur 30 Juin 2021.

      Le projet

      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.

      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.

      Information document issuing entity (NL)

      Information note issuing entity (BE)

      With a loan Lulalend will be able to provide working capital to small and medium Enterprises in South-Africa.

      Nom de l’entrepriseLulalend
      PDGTrevor Gosling
      Création2014-01-01
      LieuGauteng
      SecteurServices
      Chiffre d'affaires€1 200 000
      Employés25

      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.

       

      SDGs impacted

      With this project you are contributing to the following Sustainable Development Goals:

      SDG 1. No poverty

      SDG 8. Decent work and economic growth

      Read more about the impact you can make through our platform and the SDGs on our impact page.

      • Grâce à cet investissement 10 emplois sont créés
      • Avec cet investissement 100 sont améliorées

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      Nous avons déjà contribué à Lulalend 3

      Wilgert Velinga
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      + et autre
      723
      investisseurs