LENDINGKART FINANCE LIMITED
Status: Completed investmentWhy disclosure?
FMO is committed to making publicly available relevant investment information that informs stakeholders and enables them to engage directly with FMO on its investments which, in turn, enhances our investment decisions, the design and implementation of projects and policies, and strengthens development outcomes. Learn more
In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Lendingkart Finance Limited is a non-deposit taking NBFC providing SME lending in India. Lendingkart uses technology and analytics tools, analyzing thousands of data points from various data sources to assess the creditworthiness of small businesses.
What is our funding objective?
Lendingkart will use the funding from FMO to grow the Company’s micro, small and medium enterprises lending portfolio.
Why do we fund this investment?
The loan to Lendingkart achieves FMO's goals of providing access to finance. Traditional bank underwriting excludes a large portion of creditworthy SME borrowers because they do not have reliable financial statements, a credit history ("thin file" customers), equipment or similar assets that can be provided as security for a bank loan. Lendingkart assesses creditworthiness based on bank statements and creates a financial statement from cash-flows through the bank account.
What is the Environmental and Social categorization rationale?
Lendingkart follows good consumer protection practices and as a lender to small and medium merchants, does not pose a high environmental risk.
More investments
| Date | Total FMO financing |
|---|---|
| 3/17/2021 | INR 1080.00 MLN |
- Region
- Asia
- Country
- India
- Sector
- Financial Institutions
- Effective date
- 12/15/2017
- End date
- 1/10/2022
- Total FMO financing
- INR 300.00 MLN
- Funding
- MASSIF
-
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - C