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 are 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 from 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.
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.
For more information on Oxfam Novib, click here.
Funding data of Oxfam Novib are not displayed separately, but are integrated in Triple Jump’s data on the NpM Investments page.