Need financing because of the pandemic? SMEs turn to fintech companies
Apr 27 2020
Yashmita Bhana is no stranger to adversity. In 2007, she was unemployed and even struggled to put food on the table for her family. Almost 14 years later, Bhana is now a respected South African entrepreneur and mother of three children. When the pandemic started straining small businesses, she didn’t panic.
Bhana is the founder of the Nihka Technology Group, an information, communication and technology company based in Johannesburg. When she needed money to expand operations, she turned to Lulalend, an online lending platform providing fast, affordable financing to small and medium-sized enterprises (SMEs) in South Africa. The company extended her a loan in 21 hours.