📋 Tender Overview
Project Number
50192
Company Name
Lendable Inc
Date SPI Disclosed
Apr 23, 2025
Country
World Region
Region
Global
Projected Board Date
Jun 30, 2025
Environmental Category
FI-2
Status
Pending Approval
Last Updated Date
Department
NonBanking & Alternative Finance
Industry
Funds
Sector
Other Non-Private Equity Fund
Additional Project Attributes
Blended Finance
Project Description
The proposed investment is an up to US$45.6 million senior unsecured loan to Lendable MSME Fintech Credit Fund II (LMFCF II or the Fund), a close-ended fund by Lendable Inc. The proceeds of the IFC investment will be used to finance Fintechs in Africa, Asia, and Latin America that primarily serve individuals, Micro, Small, and Medium Enterprises (MSMEs), including women-owned MSMEs (WMSMEs), and the broader digital business ecosystem. The Project may be supported by Women's Entrepreneur Finance Initiative (We-Fi) in the form of a US$4.4 million co-investment with interest and payment subordination to IFC. The Fund will be established for 7 years, including a 5-year investment period and a 2-year repayment period.
Associated Advisory Engagement
IFC will seek to provide advisory services to integrate FinTech's management and operational system into Lendable's portfolio monitoring and management system.
