The Oxfam Novib Fund (ONF) was established by Oxfam Novib in 1998 to support high potential and high impact financial service providers in developing countries. The fund supports FSPs that focus on underserved markets and target specific groups such as rural communities and women borrowers. More
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.
| 2014 | 2015 | 2016 | |
| Assets under management | EUR 38M | EUR 47M | EUR 50M |
| Invested capital | EUR 30M | EUR 34M | EUR 44M |
| Number of portfolio companies | 60 | 49 | 51 |
| Average exposure per portfolio company | EUR 0.5M | EUR 0.8M | EUR 0.9M |
EUR 10% USD 34% Local currency 56%
Loans 95% Subordinate loans 5%
