IFC Proposes $45.6 Million Investment in Lendable MSME Fintech Credit Fund II
IFC proposes a $45.6 million loan to Lendable’s MSME Fintech Fund II, pending board approval and public disclosure.
The International Finance Corporation (IFC) has announced a proposed investment of up to $45.6 million in the form of a senior unsecured loan to the Lendable MSME Fintech Credit Fund II. The fund is a closed-end vehicle managed by Lendable Inc.
The disclosure was made through a Summary of Investment Information (SII), which outlines the key aspects of the potential investment. The SII includes details on environmental and social considerations, along with findings and recommendations related to the proposed financing.
According to the IFC, the release of the SII aims to enhance transparency around its activities. While the information has been authorized for public release by the project sponsor, the IFC notes that it may not have independently verified all data contained in the document. The investment is subject to approval by the IFC Board of Directors, with dates provided as estimates.
The disclosure follows IFC’s Access to Information Policy, which has been in effect since January 1, 2012.
