UNFAIR QUALIFYING CRITERIAS

All these micro-lenders need to stop telling people that they want to help them grow their business in the TV ads sales pitch. As a start-up of small business you are required to have a minimum turn-over of R50,000 /month in order to qualify for funding with Lulalend. This is steep for start-ups applying for growth capital funding. Our turnover in October and November widely exceeded R50K then came December there was a drop and Lulalend rejected our application because of the 1 month...the consultant was like "you need to make it 3 months in row". I mean do you even understand a business? There are good months and bad months how do you stable turn-over? As such you are depriving many business out with potential the chance to growth and actually job creation. Reasons why many business in South Africa today stay small until they die...there isnt anyone out there really interested in helping small businesses. The TV adverts are just a front!