Lanikai are known for their cheap, beginner ukuleles and this is the cheapest the offer under the Lanikai name (although they do also make the Kohala range). I'm not entirely clear why these are cheaper than the more popular LU-21S - the stats are identical.
A musician plays Hallelujah using Lanikai LU-11 Ukulele
On Musician's Friend
Lanikai LU-11 - $46.00
Construction: Nato top, sides, and back
Tuners: Inline Gold with Pearl