Responsible Investment Management and Advisory Services

Meet Our Investees

Our investees are both financial service providers and funds serving our end-clients, which are micro, small and medium enterprises (MSMEs) operating in developing countries. To learn more, read about our featured investees around the world.

Al Majmoua

Al Majmoua

Beirut, Lebanon

Al Majmoua is a nonprofit, non-partisan NGO with the mission to improve the life of vulnerable groups with a focus on micro-entrepreneurs, especially women, in urban and rural areas in Lebanon. The MFI is the market leader in the country, offering a wide variety of products with group and individual loan products, including home improvement, VSE, ICT and local currency loans. Al Majmoua serves over 75,000 clients with an average loan size of around USD 1,000, with the majority (close to 60%) being female and a significant number being from rural areas in Lebanon (44%). Al Majmoua also provides Non-Financial services to an average of 2,000 beneficiaries per year.

Al Majmoua has been supported by Triple Jump since 2009 and has shown a willingness to adapt to the needs of underserved communities. The institution extends their services to both Lebanese and non-Lebanese residents (Palestinians and migrant workers), of all religions and across the country. Since a large number of Syrian refugees entered the country, Al Majmoua developed a specific loan product it offers to these clients. In the last years, with funding from the Microbuild Fund and technical assistance from Habitat for Humanity, the institution developed and promoted its housing product, nearly doubling its GLP in both 2016 and 2017.

Grassland Finance Limited

Grassland Finance Limited

Founded in 2009 by, amongst others, social impact investor Accion, Grassland Finance Limited (GFL) is one of the first foreign-owned micro credit companies in China. With its head office in Beijing, GFL provides funding to micro, small and medium sized businesses (MSMEs) across seven different provinces in China. Triple Jump supports GFL because the organization has a wide range of loan products combined with a unique credit scoring model allowing GFL to finance businesses that are unserved by traditional banks.

By providing a mix of working capital, agriculture microcredit and business loans up to USD 400K, GFL can provide exactly the right product for small businesses to grow. Customer satisfaction is enhanced by smooth approval processes and use of an online client portal where customers can login to access their repayment schedule, transaction history, loan application status and other application details. With MSMEs being the country’s prime driver of employment, Triple Jump’s loan to Grassland Finance Limited promotes job creation in China.


El Salvador

Enlace is the biggest microfinance institution (MFI) in El Salvador, serving more than 47,000 clients across the country, almost half of which are located in rural areas. Triple Jump has been collaborating with Enlace since 2012. Enlace helps the poorest segments of the BoP, and 80% of its clientele are female. Additionally, Enlace puts continuous efforts to improve the quality of life of its clients. In order to measure the real impact of their work, they implemented the Progress Out of Poverty Index®, which has been embeddd in its Management Information System since early 2016. Enlace additionally follows-up effectively on client needs through one-on-one interactions with loan officers and through bi-annual focus groups. Enlace is also the first Salvadorian MFI to receive the SMART Campaign Certification.

Kashf Foundation

Kashf Foundation
Lahore, Pakistan

Founded in 1996, Kashf Foundation was the first specialized microfinance institution in Pakistan with the aim to alleviate poverty. Operating out of 260 branches across Pakistan, with its head office in Lahore, Kashf has over 300,000 clients and is the largest non-bank MFI in the country. Driven by its founder and current Managing Director, Roshaneh Zafar, Kashf has been instrumental in addressing women-focused microfinance in Pakistan. The organization exclusively serves female clients, not only through small loans, but also by providing services to build their capacity and enhance their economic role.

Kashf’s products and services are especially designed keeping in view the clients’ business and life-cycle needs. Although the average outstanding loan amount is small at only USD 250, all clients are addressed and served individually. Kashf puts great emphasis on client protection and has been the first institution in Pakistan to have been certified by the SMART campaign. Over the course of its evolution, Kashf has been able to help hundreds of thousands low-income households, especially women to lead lives of dignity through economic empowerment via access to financial services. Triple Jump financed Kashf to support the organization in its mission to promote gender equality and uplift the economic situation of women in Pakistan.

KMF Kazakhstan

KMF Kazakhstan
Almaty, Kazakhstan

KMF is the biggest MFI in Kazakhstan and one of the leading non-banking providers of the microfinance services in Central Asia. KMF has an impressive network size, serves more than 200K clients throughout the country, and has a strong focus on women and rural borrowers. KMF offers group and individual financing mainly for business development, crop farming and cattle breeding, as well as home improvement. The loan product offer is supplemented by ongoing training for clients, aiming to increase the level of financial literacy of the overall population. KMF’s adherence to responsible lending, clearly defined and measurable social impact targets and wide rural outreach are the key factors contributing to the fruitful cooperation between Triple Jump and KMF. This partnership continues for more than 10 years.

KMF was the first company in Kazakhstan to receive the Smart Campaign Certification for client protection principles in 2015. At present, it remains the only MFI in the country being assigned a social rating grade of A+ from MicroFinanza Rating.

Jardin Azuayo

Cooperativa de Ahorro y Credito Jardin Azuayo
Cuenca, Ecuador

COAC Jardin Azuayo (COAC JA) was founded in 1996 as an initiative to support the reconstruction of the local community in the region of Paute which had been impacted by a natural disaster. With USD 710M in assets, of which USD 532M in portfolio and about USD 96M of capital as of July 17, COAC JA is the second largest cooperative in Ecuador, having excellent brand recognition and strong social ties in the areas of operations (about 65% of exclusive clients). It operates in 5 regions: Azuay, Cañar, Morona Santiago, Loja and El Oro through a network of 38 branches, 6 satellite branches and 23 representative points. COAC JA applies the individual lending (98% of GLP) as well as the village banking methodology (2% both in terms of clients and GLP). As of July 17, COAC JA’s client base is about 390,000 members, with approximately 84,000 active borrowers; 46% of clients are females, and about 73% of total clients are living in rural areas. The average client age is 40 years (productive and economical active age); about 52% of active borrowers have a primary education level, 33% have secondary level, 8% with higher education, and the remaining 8% are illiterate. The economic sectors are well diversified between services, production, agriculture, trade, housing, handcrafts, tourism, transport, education, health etc.

COAC JA is the second biggest cooperative in Ecuador, has a strong market position in the South of the country, is able to generate new GLP with good portfolio quality indicators, and shares prudential liquidity and solvency positions well above the regulator’s requirements. In addition, COAC JA offers different education modules to its members with a special focus on financial education, technical skills and knowledge modules for agri-entrepreneurs.

Cooperativa Fondesurco

Cooperativa de Ahorro y Credito Fondesurco
Arequipa, Peru

Cooperativa de Ahorros y Creditos Fondesurco (COOPAC FS) focuses on micro and small entrepreneurs, predominantly in rural markets from the South of Peru. Their clients are people who have difficulties accessing the financial system. About 86% are living in remote rural areas, and most live below the national poverty line and their financial needs are limited to their reality as the average credit stands between USD 1.000-1,500. Fondesurco has an exclusive client base of about 55%, one of the highest in the Peruvian MF sector. 46% of clients are female, 70% of total active borrowers are self-employed and 30% have one hectare of their own crop. About 36% of households are made up of four members, two of which have paid work, with a monthly income per family member of about USD 250. Most heads of household have a secondary education level (45%), and the main economic activities are agriculture, livestock and trade. The average poverty rate of the population served by Fondesurco stands at about 36%, having limited access to health services, education, transportation and communications.

Fondesurco aims to consolidate the triple bottom line by promoting sustainable economic, social and environmental accountability, based on its strategic pillars and its current offer of client products. In addition, an internal study shows that 84% of Fondesurco clients increased their income due to credit, which were allocated to improve and strengthen their economic activity (73% through the purchase of machinery/tools, soil improvement, improvement of seeds, improvement in water use), family welfare (37% housing improvement, health, safety), development of family potential (39% purchase of goods that increase the family’s capacity such as computers, washing machine, etc), recreation and comfort (31%, holidays, trips, recreation equipment, television, etc).

Fundenuse SA

Fundenuse SA

Fundenuse SA is a socially-oriented MFI founded in the northern community of Ocotal in Nicaragua, providing loans to Northern rural communities where fewer MFIs operate. It serves around 30K clients via 20 branches, through specialized products with high social impact that have fostered strong client loyalty. Products range from individual and group loans, housing, agricultural and livestock loans, and microfranchise, microinsurance and micropensions. This offer is supported by an array of services including basic financial literacy training, best practices and risk management techniques for the agriculture and livestock borrowers, as well as frequent training sessions with agriculture equipment providers in fertilizers, seeds use, etc. More than half of their clients are female.

Fundenuse’s clear social roots and rural outreach (with one of the lowest average loan sizes in Nicaragua) made it an ideal fit for Triple Jump. The partnership, which began in 2005, has been very fruitful as our investments have allowed Fundenuse SA to expand its model. In 2015, Fundenuse received an Excellent social score from Microrate and a Gold score in the Impact business model rate by GIIRS, with the highest score in financial services impact business. In 2017, it received the Smart Campaign Certification*, only the 2nd MFI to ever to achieve this in Nicaragua. Check out this short video (in Spanish) which outlines the work of Fundenuse as well as this award.

* The Smart Campaign certification is an internationally recognized seal of confidence that a financial institution is doing everything it can and performing at a high standard in treating its clients well and protecting them from harm. Financial services providers can minimize harm to clients by implementing seven rigorous Client Protection Principles (CPPs).

Kaebuk Investmenu No Finansa

Kaebuk Investmenu No Finansa
Timor Leste

Established in 2002, Kaebuk Investmenu No Finansa, KIF (previously Tuba Rai Metin) is the largest and only deposit-taking regulated microfinance institution in Timor Leste. As Asia’s newest and one of its smallest country, Timor Leste faces the challenge of low levels of financial literacy and financial inclusion. It is estimated that 30% of the population is still outside of the cash economy. KIF was established with a mission to provide microfinance and allied services to a large number of the poor in a sustainable and regulated manner to improve the quality of lives of families and empower women.

Triple Jump has been collaborating with KIF since 2016. More than 90% of KIF’s customers are women and more than 60% of loans issued by KIF are less than $1,000,  making this MFI a good fit with many of Triple Jump’s fund mandates. KIF currently has over 12,000 borrowers and has a well-trained and talented team of over 260 persons (98% locals), making it the largest private sector company in Timor Leste. To consolidate its leadership position further, KIF has ambitious plans to scale up access to financial services through a fuller basket of customized services at remote locations, wide-spread network agents, and mobile banking with an approach to banking ‘Anywhere-Anytime.’