DCM Lendable Decarbonization Fund (IFC-48396)

Regions
  • World
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
May 31, 2025
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Lendable Decarbonization Fund SCSp SICAV RAIF
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Finance
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 50.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 250.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS May 25, 2025

Disclosed by Bank Apr 24, 2025

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Can you contribute information about this project?
Contact the EWS Team

Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the Bank’s website, the proposed investment is for (i) up to US$49 million from IFC’s own account in the senior loan tranche; and (ii) up to US$1 million from IFC’s own account in the class A share tranche of the Lendable Decarbonization Fund (the LDF). LDF is a structured private credit fund with a target size of US$250 million and will be organized into four tranches: senior loan, class A share, class B share, and class C share.  The LDF seeks to facilitate access to financing for Micro, Small and Medium Enterprises (MSMEs) and inividuals looking to offer or adopt sustainability solutions revolving around sustainable mobility, agriculture and energy in South- and Southeast Asia, Africa, and Latin America.

Early Warning System Project Analysis
For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

The project entails an investment of up to US$50 million from IFC’s own account in a 12-year structured fund, with a 10 year total life of senior loans, to support small and medium enterprises (SMEs) directly or through financial institutions to implement climate projects in clean energy, mobility, and sustainable agriculture. The Fund will provide working capital, receivable finance, and longer-term financing to SMEs and technology solutions providers for projects such as rooftop solar, biogas, efficient cookstoves, LED lighting and high efficiency cooling. The Fund will also provide lending to companies owning fleets of electric vehicles and companies offering leasing and battery services of electric vehicles. The Fund will also lend to agricultural companies directly to implement lower carbon and more resilient solutions, as well as agricultural services companies that provide cold chain, water efficiency, methane capture and reutilization.

The expected E&S risks and impacts of the Project are considered medium. As such, the Project has been categorized as Category FI-2 in accordance with IFC's Sustainability Policy.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

The proposed investment is (i) up to US$49 million from IFC’s own account in the senior loan tranche; (ii) up to US$1 million from IFC’s own account in the class A share tranche.

LDF is a structured private credit fund with a target size of US$250 million.

Financial Intermediary
A financial intermediary is a bank or financial institution that receives funds from a development bank. A financial intermediary then lends these funds to their clients (private actors) in the form of loans, bonds, guarantees and equity shares. Financial intermediaries include insurance, pension and equity funds. The direct financial relationship is between the development bank and the financial intermediary.
Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

Lendable is an Investment Advisor firm that specializes in providing financing solutions to high-growth companies in emerging markets, with a strong emphasis on sustainable development impact. Established in 2014, Lendable leverages the power of technology and finance to advance sustainability objectives. Lendable has invested US$576 million in 18 different countries (mainly across Africa, Asia and Latin America) via the four funds it has launched and has achieved a composite annualized net return of 13.15 percent.


Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Lendable Inc.
Daniel Goldfarb
Executive Chairman
+13109274248
daniel@lendable.io
Suite 212-213 The Foundry156 Blackfriars RoadLondon, SE1 8ENUnited Kingdom
https://lendable.io/

ACCESS TO INFORMATION

You can submit a request for information disclosure at: https://disclosures.ifc.org/#/inquiries

If you believe that your request for information from IFC has been unreasonably denied, or that this Policy has been interpreted incorrectly, you can submit a complaint at the link above to IFC's Access to Information Policy Advisor, who reports directly to IFC's Executive Vice President.

ACCOUNTABILITY MECHANISM OF IFC/MIGA

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org

How it works

How it works