Lula Lend Proprietary Limited

Africa

Region

44.4

Committment (MNOK)

Active

Status

Lula Lend Proprietary Limited (Lulalend) is a technology driven financial institution with a credit scoring model that enables them to more efficiently assess the risk of small and medium-sized enterprises (SMEs) in South Africa. Lulalend is able to offer credit to underserved and financially excluded SMEs, many of them accessing credit for the first time. Lulalend is domiciled in South Africa

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Key information

Sector:
Financial Institutions
Committment (MNOK):
44.4
Year:
2021
Region:
Africa
Country:
South Africa
Domicile:
South Africa
Instrument:
Loans
Status:
Active

Additionality for Lula Lend Proprietary Limited

This investment is particularly additional on the following ambitions:

  • Investing in the riskiest markets
  • Investing in the most difficult business environments
  • Investing in sectors with high development needs
  • Investing in high risk instruments
  • Targeting underserved segments
  • Improving social and environmental performance