Responsible Investment Management and Advisory Services

Triple Jump Celebrates 10th Anniversary

In 2016 Triple Jump is celebrating its 10th anniversary, a good moment to take a step back and look what has been achieved in the financial inclusion space over the last 10 years. 2006 was the year we started Triple Jump, and incidentally it was also the year that the Nobel Peace Prize was awarded to Muhammad Yunus for his work on microcredit with Grameen, which brought a lot of recognition to a still nascent industry. Microcredit evolved into microfinance and eventually the scope was broadened to financial inclusion.

In the last 10 years, the sector continued to show healthy growth figures despite financial market turmoil and fiscal austerity with foreign funding, increasing from less than USD 10 billion in 2006 to more than USD 30 billion today. Admittedly the sector did have crises of its own in countries like Nicaragua and India. However, if you look at these countries today we see a thriving sector mainly due to better regulation, which improved in a significant number of emerging economies over the last 10 years.

Along with volume and better regulation, the field of social performance management also saw significant improvements, and became more broadly integrated into the operations of financial service providers (FSPs). It started with client protection, which has evolved into client centricity as FSPs started to recognize the value of putting their client first. With the impulse of impact seeking investors, some FSPs are also starting to systematically measure the effect of their services on clients’ well being. Finally, technology has allowed for a broader and deeper outreach, bringing services closer to clients and saving costs for both institutions and end-clients.

Over the last 10 years Triple Jump has expanded its capacity from a pure microfinance investment manager, to now include housing and SMEs. We will continue to look for new avenues in the impact investing space. However, for the foreseeable future micro and SMEs will remain important pillars in our activities, because we are convinced that the MSME sector is there to stay and to grow. After all, access to financial services continues to be an important aspect in the economic development of the countries in which we operate.

We are looking forward to the next 10 years of continued responsible and strong growth.

Happy readings, Mark van Doesburgh