Oxfam Novib portfolio

The mandate was established in 1998 by Oxfam Novib to support high-potential, high-impact microfinance institutions worldwide. It is dedicated to enhancing resilience in response to the escalating effects of climate change. Oxfam Novib Fund (ONF) supports Microfinance institutions (MFIs) that focus on underserved markets and target specific groups: rural communities, small-scale agricultural producers and women borrowers.

Starting year


Type of investment

Debt, junior debt

Development theme

Financial Inclusion

Main investors and partners



Asia, Sub-Saharan Africa, Latin America

Meet one of our Investees for this Fund

ONF is primarily aiming to fund portfolio growth of MFIs operating in disaster-prone areas, with a target of maintaining a minimum level of exposure to focus countries (more than 50% exposure to countries most vulnerable to climate change). It is also targeting high Sub-Saharan exposure (more than 30% of the portfolio), exposure to women and rural borrowers (greater than 60%) and agri-exposure (greater than 30%). Additionally, ONF has a dedicated credit line to support the recovery of vetted MFI’s after acute climate shocks and a credit line to finance the development and scale-up of innovative climate products and services.

> Learn more about Oxfam Novib’s approach to Microfinance (in Dutch)



> ONP – Sustainability-related disclosures

Invest for Impact