Sustainability

How Lendo works with sustainability

Lendo is committed to operate ethically, comply with regulations, and always work to be «best in class».

With Schibsted as owner, Lendo shares the group’s commitment to operate ethically, comply with regulations, and always be «best in class». We also focus on promoting diversity and inclusion within the organisation, empowering skill development and knowledge sharing programs.

Lendo believes that more has to be done, therefore we have a constant focus to ensure responsible lending.

Three priorities to promote responsible lending

Provide customers with relevant information about their financials

New service launched providing information to users about the maximum loan to apply for

Give recommendations on how customers can manage their debt balance

Partnerships with debt advisory NGOs that advise customers to improve their financial situation

Offer customers tools to help them repay their debt easier and seamlessly

New service launched, making it possible for customers to repay their unsecured loans

Lendo empowers people to make informed decisions

Lendo is supporting social cultures through Hand in Hand´s Community Upliftment Programme. Some of our achievements:

Social mobilization
176 members have undergone training in group mobilization, leadership skills and problem-solving

Entrepreneurship training
135 members have undergone training on entrepreneurship development

Marketing and microfinance
Five groups have started saving with Hand in Hand EA to qualify for the Enterprise Incubation Fund that will help them boost their enterprises

Our sustainability approach & report

 

Lendo is committed to operate ethically, comply with regulations, and always work to be «best in class».

With Schibsted as owner, Lendo shares the group’s commitment to operate ethically, comply with regulations, and always be «best in class». We also focus on promoting diversity and inclusion within the organisation, empowering skill development and knowledge sharing programs.

Lendo believes that more has to be done, therefore we have a constant focus to ensure responsible lending.

About the report

 

Our point of departure is a materiality analysis based on an impact assessment and stakeholder dialogue conducted during 2020. In 2021 Lendo started measuring progress, which is the report’s subject. Sustainability is a broad subject and can include various definitions and measures. This report highlights how Lendo affects the community and environment through different efforts and prioritisation. This report has been prepared in accordance with the GRI Standards reference claim, referring to the standards of 2016.

These goals are divided into different aspects. Each aspect is presented with our long term ambitions, what we have achieved so far and suggested targets for the following years.

Transparency Act

In Lendo we believe in a market built on trust and transparency. Being aware of the impact Lendo has on society, the economy and the environment is an essential part of the sustainability agenda in Lendo. Our sustainability mission is to empower people to make smart and conscious financial decisions – for a sustainable future.

Read more about this and the work that we prioritise to do in our Transparency act.