Lendable is excited to announce the start of a partnership with FMO, the Dutch Development Bank, to scale our financing for alternative lenders. FMO’s convertible grant investment will leverage an additional $4.5 million from commercial investors to fund alternative lenders extending finance to underbanked consumers in the form of asset finance, PAYG solar finance, consumer credit, and SME credit.
NAIROBI, Kenya - June 18, 2018 - Nairobi-based Lendable Inc. (Lendable), is one of the first fintech companies to publicly adopt the Responsible Finance Forum’s Guidelines for Responsible Investing in Digital Financial Inclusion. As one of the inaugural signatories to the Guidelines, Lendable is today announcing a new internal philosophy on responsible lending relevant to its debt-financing platform.
Nairobi, Kenya - “The thing we have in common here is this crazy belief that we can do what banks with a hundred times the amount of money have not been able to figure out how to do and change the way that credit works to consumers and SMEs in sub-saharan Africa,” - Daniel Goldfarb
April 26, 2017- The rural roll-out of scalable solar power in Kenya is set to accelerate with the announcement today of an innovative USD550k financing arrangement. Finance platform Lendable has secured USD550K debt financing for Raj Ushanga House (RUH), the Kenya distributor for Azuri Technologies Ltd, a leading provider of Pay-as-you-go (PayGo) solar energy solutions.