Nerm Applications and Testing 2
With a loan of EUR 62,500 Nerm Applications will be able to invest in their electrical protection schemes and metering in substations.
€62,500
3.75%
12 months
6 months
EUR
CurrencyAmount | €62,500 |
Interest | 3.75% |
Maturity | 12 months |
Repayments | 6 months |
Currency | EUR |
The project
Nerm applications and testing is an electrical engineering company located in Johannesburg. They are primarily involved in electrical protection schemes and metering in substations.
Nerm places strong emphasis on their company policies of empowering the less privileged and environmental protection. There are currently 13 full-time employees and lots of room to grow.
The company was started in 2013 by directors Nkosi Reginal, Dorian Engle and Mduduzi Motsa. Between the 3 of them, they have two electrical engineering degrees and over 25 years of working experience in the industry. Under the guidance of the directors, Nerm has grown into a company servicing much of The Southern African Development Community region and Africa with visions of further global expansion.
Company name | Lulalend |
CEO | Dorian Engle |
Founded | 2014-01-01 |
Location | Gauteng |
Sector | Services |
Turnover | €939,105 |
Employees | 13 |
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.
- With this investment 2 jobs are created
- With this investment 13 lives are improved