MICROCAPITAL BRIEF: Triple Jump Loans $8.5m to South American Microfinance Institutions WWB Popayan, Fondesurco and Funbodem

Triple Jump, a Dutch microfinance investment manager, recently reported to MicroCapital that is has provided a total of USD 8.5 million debt financing to three South American microfinance institutions. The details of the transactions are as follows:

Triple Jump’s investment fund ASN-Novib Fund, a microfinance investment vehicle reporting assets of USD 101 million for fiscal 2009, provided debt financing of USD 6 million to WWB Popayan (Fundación Mundo Mujer Popayán), a Colombian microfinance institution that is affiliated with Women’s World Banking, an organization that provides technical and advisory services to a network of microfinance institutions. WWB Popayan has a gross loan portfolio of USD 149.8 million and total assets of USD 154.5 million for fiscal 2008.

The ASN-Novib Fund provided debt financing of USD 1.5 million to Fondesurco (Fondo de Desarrollo Regional), a Peruvian microfinance institution reporting a gross loan portfolio of USD 7.8 million and total assets of USD 9 million for fiscal 2008, according to the Microfinance Information Exchange.

The Fund also provided debt financing of USD 1 million to Funbodem (Fundación Boliviana para el Desarrollo de la Mujer), a Bolivian microfinance institution reporting a gross loan portfolio of USD 10.1 million and total assets of USD 10.5 million for fiscal 2008.

By Jennifer Shevock, Research Associate

About Triple Jump:
Triple Jump was founded in 2006 to support the expansion of microfinance institutions 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.

About Women’s World Banking:
Women’s World Banking (WWB) is an organization that provides technical and advisory services to a network of microfinance institutions. As of February 26, 2010, WWB had 40 members working in 28 countries and served 20 million microentrepreneurs. Women’s World Banking seeks to alleviate global poverty by expanding the economic assets, participation and power of the poor, especially women.

Sources and Additional Resources:
MicroCapital Universe: Triple Jump: https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Triple+Jump

MicroCapital Universe: Women’s World Banking: https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Women%27s+World+Banking+%28WWB%29

WWB Popayan: http://www.mixmarket.org/mfi/fmm-popay%C3%A1n

Fondesurco: http://www.mixmarket.org/mfi/fondesurco

Funbodem: http://www.mixmarket.org/mfi/funbodem

Browse the MicroCapital Universe and add your entry to the wiki at: https://www.microcapital.org/microfinanceuniverse/

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