Portfolio Partner Profile

Lendable Opportunities Fund

Lendable, an emerging market debt finance provider, focuses on expanding access to essential financial tools for business owners and individuals, as well as micro, small-, and medium-sized enterprises across Africa, Asia, and Latin America. Their Lendable Opportunities Fund (LOF) targets tech-enabled companies that provide financial services in the form of credit, payments, or other services to individuals, as well as small- and medium-sized enterprises (SMEs). The Fund’s mission is to increase financial inclusion and reduce inequalities for the underbanked populations to have a positive social impact in the communities in which they operate. LOF fosters financial security and paves the way for more active participation in the formal financial system.

LOF’s commitment to social impact is underlined by its designation as an Article 9 SFDR fund, ensuring all investments target financially underserved populations. By providing credit to these fintech lenders, the fund acts as a catalyst for financial well-being and economic mobility. Additionally, the Fund’s open-ended structure allows for continuous investment, enabling LOF to adapt and expand its reach over time to meet the needs of the communities it serves.

Calvert Impact has had a strong long-lasting relationship with Lendable since 2018 and is currently invested in the Lendable MEMSE Fintech Credit Fund and the Lendable Opportunities fund (since December 2024).

Featured Impact Story

Impact Story

Transforming ride-hailing through innovative asset ownership

Lima, Peru’s bustling ride-hailing industry provides a lifeline for commuters. Yet access to vehicles remains a persistent challenge for the drivers who keep this ecosystem running. Traditional financing is unattainable for many drivers due to informal employment and lack of credit history, leaving them reliant on costly rentals. Leasy, a fintech platform that provides automobile financing to ride-hailing drivers in Peru and Mexico, has created a rent-to-own solution that disrupts this cycle by offering affordable down payments, flexible terms, and essential vehicle support, paving the way for drivers to become car owners and entrepreneurs.

Leasy’s innovative approach to solving a pressing market challenge made it an ideal partner for Lendable. Combining financial inclusion with cutting-edge technology, Leasy has redefined access to vehicle ownership in underserved communities. The company’s scalable model combines a deep understanding of market needs with innovative technology to streamline vehicle leasing and ownership processes. Since partnering with Lendable, Leasy has tripled its quarterly fleet growth, expanded operations into new markets, and helped hundreds of drivers build sustainable livelihoods. Overall, Leasy has disbursed over $43 million to empower ride-hailing drivers with affordable financing, helped over 500 ride-hailing drivers gain access to vehicle ownership opportunities, has seen a 30% average cost savings compared to traditional vehicle rental options, and had a 4x increase in average earnings for ride-hailing drivers after accessing vehicles.

Leasy’s impact extends beyond mobility—it delivers life-changing outcomes. Drivers gain a pathway to financial stability, with increased income and reduced risks through tailored support services, including flexible payments and insurance. Inaki Garcia, Head of Latin America Investments, Lendable said of the company, “Leasy transforms mobility into opportunity, empowering Latin American drivers to achieve economic stability through car ownership.”