About Oxfam Novib
Every human being has the right to a decent existence. But hundreds of millions of people live in poverty. Injustice is the most important cause of poverty. Fighting poverty structurally starts with the basic rights of every human being. Oxfam Novib is fighting for a just world without poverty.
One of the major areas the organisation targets is The Right for a Sustainable Livelihood. It encompasses its policies to enable people living in poverty to exercise their rights to achieve food and income security, control over the natural resources they depend on, access to paid employment, dignified working conditions, labour rights and access to and benefit from markets. Stabilising and increasing income is a major component of this aim. Microfinance is an important instrument available to achieve this.
With its activities in microfinance, Oxfam Novib wants to support the strengthening of a financial sector in rural areas where 75% of the poorest in the world is living. Financial services should be designed to the needs of the clients. “One size fits all” doesn’t work. Therefore, Oxfam Novib supports the development of different microfinance organizations responding to different demands form the target groups (savings groups for very poor in remote rural areas, microfinance organizations and financial co-operatives for financial services for farmers, micro enterprises and small traders).
To reach this objective, Oxfam Novib supports more than 100 microfinance organizations in 53 countries in their growth from start-up to financially sustainable organization. Oxfam Novib has a fund for support of microcredit organizations through loans, with a size of €40 million. This fund is managed by fund manager Triple Jump.
Oxfam Novib is also active in promoting social aspects of microfinance. It is active in the Social Performance Task Force, has been one of the initiators of the Rating Initiative to promote social ratings in MFIs and supports the Microfinance Transparency Initiative. Oxfam Novib has signed the Client Protection Principles and the Principles for Investors in Inclusive Finance, in order to be accountable for socially and environmentally investments. Oxfam Novib and Triple Jump have developed a Social Performance Tool through which MFIs are checked on their compliance of the social mission.
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ASN-Novib Microcredit Fund
The ASN-Novib Microcredit Fund, established by ASN Bank and Oxfam Novib in 1999, is managed by Triple Jump. The fund invests in expanding and mature financial intermediaries in Africa, Asia, Eastern Europe and Latin America; a semi-open-ended fund that enables private individuals to invest in microfinance institutions by purchasing shares sold by ASN Bank.
Funding data of Oxfam Novib are not displayed separately, but are integrated in Triple Jump's data on the NpM Funding Figures page.