LENDABLE MSME FINTECH CREDIT FUND
Who is our client
The client is FinTech Credit Fund I which was set up by an FMO existing client Lendable Inc, an asset manager providing funding to alternative lenders.
FMO is providing a 5-year mezzanine loan of USD 5 million to enable financial inclusion of the underserved MSMEs.
Why we fund this project
Lendable is targeting Fintech companies in Africa and Asia, a niche not served by traditional impact fund managers.
Environmental and social rationale
Lendable developed an E&S management system which will be applied at fund level and requires the investment team to incorporate and record E&S analysis throughout the entire investment process and aligns with FMO best practices incl. as a bare minimum complying with (i) the IFC exclusion list, (ii) local environmental, health & safety and labor laws and regulations, and (iii) IFC PS2 & ILO Core conventions.
- Financial Institutions
- Signing date
- Total FMO financing
- USD 5.00 MLN
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)