Triple Jump, a Dutch microfinance investment manager, recently reported to MicroCapital that its ASN-Novib Fund, a microfinance investment vehicle with assets of USD 101 million as of fiscal 2009, has provided USD 2 million in debt financing to Mexican microfinance institution EnConfianza and KHR 2 billion (USD 500,000) to Cambodia’s Credit Microfinance Institution.
EnConfianza does not report to the Microfinance Information Exchange, and no other financial information is available on the organization.
As of March 2010, Credit Microfinance Institution had a gross loan portfolio of USD 24 million and total assets of USD 28 million.
By Jennifer Shevock, Research Associate
About Triple Jump:
Triple Jump was founded in 2006 to support the expansion of microfinance institutions in various stages of development by providing capital and advisory services. Triple Jump currently has 150 investments with 135 microfinance institutions in 49 countries, for a total invested capital of USD 210 million. Triple Jump currently manages five investment funds.
Triple Jump was established by the NOTS Foundation, a Dutch development organization; Oxfam Novib, a Dutch organization for international cooperation and development; and ASN Bank, a “sustainability-driven” Dutch bank. Its shares are divided among these organizations and Triple Jump’s management team.
Triple Jump is comprised of Triple Jump Fund Management (TJFM) and Triple Jump Advisory Services (TJAS). TJFM provides its clients with four investment options: hard and local currency loans, equity, guarantees and subordinated loans. TJAS is an independent foundation that provides consulting services and technical assistance to tier-3 and tier-4 microfinance institutions.
Sources and Additional Resources:
MicroCapital Universe: Triple Jump: https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Triple+Jump
MicroCapital Universe: EnConfianza: https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=enConfianza
MicroCapital Universe: Credit Microfinance Institution: https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Credit+Microfinance+Institution
Browse the MicroCapital Universe and add your entry to the wiki at: https://www.microcapital.org/microfinanceuniverse/
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