Lula Lend Proprietary Limited
Africa
Region
113.6
Commitment (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
Key information
- Sector:
- Financial Inclusion
- Commitment (MNOK):
- 113.6
- Year:
- 2021
- Region:
- Africa
- Country:
- South Africa
- Domicile:
- South Africa
- Instrument:
- Loans
- Status:
- Active
- Mandate:
- Development
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