Customer Stories

When we first met Jerome Roberts, owner of SJR Printers and SJR Digital, in Cape Town, his family business was at a crucial point. Traditional printing was in decline and client needs were changing. He made the decision to meet the challenge. With our support, he was able to incorporate digital and promotional printing into the business.

Being limited to traditional sources of funding meant that New Earth Recycling, an innovative company specialising in polystyrene recycling and conversion, historically found it difficult to purchase raw materials in time to exploit new opportunities. CEO, Noel Ehrenreich, believes Lulalend's ability to offer almost instant access to funds has been a game changer, allowing the business to move into the next stage of growth.

Cape Coffee Beans, beloved by coffee lovers across South Africa, is an e-commerce business founded by Phaedon Gourtsoyannis. Because Phaedon is a foreign national and the sole director it wasn't easy for him to get funding from the banks with their stringent criteria. We stepped in to help make it possible for Phaedon to get access to the funding he needed for inventory purchases. Since then Lulalend has become working capital finance for Cape Coffee Beans.

Nathi Thela, CEO of the Institute of Management Accounting and Strategy (IMAS), tells us about his experience with Lulalend and how we were able to help him with quick, easy access to business funding so that he could continue to accommodate more students and address the shortage of skilled accountants and finance managers identified by the National Skills Fund of South Africa.

Working capital has been one of the biggest challenges for Nkosinathi Thela, CEO of the Institute of Management Accounting and Strategy. This institute offers high-quality professional accountancy education for aspiring CIMA accountants. With a shortage of working capital threatening growth and the sustainability for one of their campuses, Lulalend was able to assist them in getting the funds they needed to continue providing quality education.

Mzoxolo Andrew Yokwe, owner of a small business called Reyakopele Trading, which manufactures and distributes cleaning products for mining companies approached Lulalend when he had a potential contract lined up with the kitchen division of a listed gold mining company. But he required stock in order to be able to meet demands and secure the contract that could bring him significant business growth. We were able to provide him with the business funding he needed for the stock, and as a result, he was able to secure the contract and has since seen his sales orders grow along with his annual growth.