Overview:
The ASN-Novib fund is a microfinance investment vehicle which mobilizes funds for microfinance institutions (MFIs).
Description:
The ASN-Novib fund was created in 1999 by ASN-Bank (A Dutch ethical bank) and Oxfam Novib. The ASN-Novib Fund invests in financial institutions (microfinance institutions, savings and credit co-operatives, banks and investment funds) that provide credit to small-scale entrepreneurs and that have proven management capacity. The fund is managed by Triple Jump Fund Management. The fund lends mostly in USD and EUR currencies, though it makes local currency loans available. Amounts range from EUR 500,000 to EUR 5 million, and have interest at market rates.
Microfinance Information Exchange (MIX) Profile:
http://www.mixmarket.org/funders/asn-novib-fund
Organization’s Website:
www.asnbank.nl
Just the Facts:
Country of Incorporation: The Netherlands
Legal Status: Mutual Fund
Year Founded: 1999
Fund Assets (as of day/month/year): EUR 87.3 million (as of 31/December/2008)
Fund Assets Allocated to MFI Investment (as of day/month/year): EUR 69.9 million (as of 31/December/2008)
Number of MFI Investments (as of day/month/year): 50 (as of 31/December/2008)
Area of Operation: Global
Participant(s)/Backer(s)/Investor(s): ASN-Bank, Oxfam Novi, NOTS
Currency: EUR, USD, Local Currencies
Investment Horizon: 6 years
Fund Manager: Triple Jump Fund Management
Contact Information:
Triple Jump Nachtwachtlaan 20 6th floor
Amsterdam
1058 EA
Netherlands
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Additional Resources:
Triple Jump 2008 Annual Report
http://www.triplejump.eu/annual-report-2008.html
Latest news from Triple Jump
http://www.triplejump.eu/news.asp
Authored by Kenny Kline, Research Associate
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