Responsible Investment Management and Advisory Services

Oxfam Novib Fund (ONF) was established in 1998 by Oxfam Novib to support high potential, high-impact microfinance institutions worldwide. ONF seeks out financial intermediaries that focus on underserved markets and target specific groups (rural communities, women borrowers, etc.). These institutions are often still young and small, but they have significant potential. On reaching a certain scale, the financial intermediaries have the potential to graduate or ‘jump’ to other investment funds with a more conservative risk profile.

  2015 2016 2017
Assets under management EUR 47M EUR 50M EUR 52M
Invested capital EUR 41M EUR 44M EUR 46M
Number of portfolio companies 49 51 50
Average exposure per portfolio company EUR 0.8M EUR 0.9M EUR 0.9M
Distribution by currency

EUR 6% USD 39% Local currency 55%

Portfolio outstanding by instrument

Loans 88% Subordinate loans 12%

Geographic distribution of Oxfam Novib Fund