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FMO is extending a USD 450,000 convertible grant to Kenyan-based FinTech platform Lendable providing a ‘first loss’ backstop that is expected to unlock an additional funding from commercial investors. This will fund loans from Lendable’s alternative lender clients across Africa to small and micro enterprises and low-income consumer borrowers.
Start Date
2018
Donor
Funding Instrument
Country
Region
Thematic
Unique ID
=A151+1
Amount in USD (in million)
0.45