2023 Lab proponent Lendable was featured in a February Financial Times article on how rising interest rates are affecting the micro-lending market. The Lendable Emerging Market Sustainability-Linked Loan Fund is a structured product that will provide sustainability-linked loans to small and medium enterprises in emerging markets to implement or scale a carbon mitigation, sequestration or adaptation solution as part of their business.
“[Lendable Chief Executive Officer Chris] Wehbe’s company provides financing to lenders such as Egyptian salary advance firm Khazna and Bangladesh-based ShopUp, which works with small and micro retailers. He says Lendable responded to higher interest rates in the first half of last year by keeping lending rates the same but trying to attract a higher quality of borrower, then, in the second half, raising rates while still looking for better quality borrowers.”
Financial Times
