MICROCAPITAL BRIEF: Triple Jump Makes Equity Investments For ASN-Novib Microkreditfonds in Microfinance Institutions (MFIs) in Tanzania, Zambia, Panama

Triple Jump, a Dutch microfinance investment manager and advisor, has made equity investments on behalf of ASN-Novib Microkreditfonds, a Dutch microfinance investment vehicle, in unnamed microfinance institutions (MFIs) based in Tanzania, Zambia and Panama. All three MFIs are operated by Développement international Desjardins (DID), a Canadian corporation that specializes in providing technical support and investment for the microfinance sector. The investments Triple Jump made in Tanzania and Zambia are the company’s first equity investments in Africa. The sizes of the investments are not available.

By Cameron Milani, Research Associate

About Triple Jump: Triple Jump was founded in 2006 to support the expansion of microfinance institutions (MFIs) through the provision of capital and advisory services. 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 MFIs. Triple Jump manages five microfinance investment funds, with total assets approximately equivalent to USD 300 million as of March 31, 2011. Its investments span 132 MFIs in 52 emerging markets in Latin America, Eastern Europe, Africa and Asia.

About Développement international Desjardins (DID): DID is a Canadian corporation that specializes in providing technical support and investment for the community finance sector in emerging economies. It assists organizations in approximately thirty nations in Africa, Latin America, the Caribbean, Asia and Central and Eastern Europe. DID is a component of the Desjardins Group, an integrated financial cooperative offering banking, insurance, securities and investment services, with approximately USD 100 billion in assets. DID has three funds that provide loans and investment capital to microfinance institutions and fund specializing in microfinance. The three funds are the Investment Fund for International Development (FONIDI), the Partnership Fund and the Guarantee Fund.

Sources and Additional Resources:

Triple Jump, “Triple Jump with Desjardins in Africa,” http://www.triplejump.eu/news/Triple+Jump+with+Desjardins+in+Africa/3290…

MicroCapital Article, June 13, 2011: “MICROCAPITAL BRIEF: Triple Jump Opens Office in Mexico, Surpasses $300m in Microfinance Investmens, Celebrates Five-Year Anniversary,” https://www.microcapital.org/microcapital-brief-triple-jump-opens-office-

MicroCapital Article, July 31, 2011: “MICROCAPITAL BRIEF: Développement international Desjardins (DID), Financière agricole du Québec – Développement international (FADQDI), Inter-American Institute for Cooperation on Agriculture (IICA) Collaborate on $20m Agricultural Microfinance Project Funded by Canadian International Development Agency (CIDA), Haitian Government,” https://www.microcapital.org/microcapital-brief-developpement-internation…

MicroCapital Universe, Triple Jump: https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Tri

MicroCapital Universe, Développement international Desjardins: https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=D%C

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