News
22 August 2018

FMO agrees grant to African fintech Lendable

Region:
Middle East & Africa

Dutch development bank FMO is extending a convertible grant to Kenyan-based fintech platform Lendable, providing a 'first loss' backstop that is expected to unlock an additional $4.5 million from commercial investors. This will fund loans from Lendable's alternative lender clients across Africa to small and micro enterprises.

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