A peer-to-business lending platform that allows US investors to crowd-source loans for small and medium size businesses in emerging markets
Pengo is an online platform that allows U.S. individuals to crowd-soure peer-to-business loans for small and medium sized businesses in emerging markets. Loans range from $10,000 - $100,000 and specifically target the "gap" in the emerging market financing structure. Microloans are too small and large banking institutions and venture capital have too strict requirements for SMEs. Increasing access to debt capital helps to grow these businesses.