Nairobi, Kenya - “The point of today is to get everyone much smarter on a topic that we all know is important but most of us have probably done very little to address. I want to be responsible, I want to do right by my borrowers - but what does that look like?” -Daniel Goldfarb, CEO, Lendable
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