We are excited to announce that Triple Jump has received a grant through the Financial Inclusion Fund (FIF), managed by the European Investment Bank (EIB). To date the Grand Duchy of Luxembourg is the sole contributor to the Financial Inclusion Fund. The grant will support up to eight microfinance institutions based in Sub-Saharan Africa from the Oxfam Novib Fund (ONF) portfolio.
Established by EIB and the Grand Duchy of Luxembourg, FIF aims to provide financial resources to help financial institutions in developing countries to increase the loans given to microenterprises and other small businesses, particularly those run by marginalized groups such as women or young people in rural communities.
Through this grant, Triple Jump and the ONF will support up to six microfinance institutions (MFIs) on the assessment of institutional climate vulnerabilities and climate strategy development. Additionally, two MFIs will receive support in evaluating their clients’ climate vulnerabilities and needs, as well as in designing new products or services to better address those needs.
Juan Luis Podesta Ruiz, ESG and Impact Officer at Triple Jump, states “By supporting microfinance institutions in identifying and mitigate their exposure to climate risks, Triple Jump helps them strengthen long term sustainability and develop financial products that properly fits their borrowers’ needs to adapt to a changing climate.”
“Our fund is dedicated to enhancing the climate resilience of small landholders and female entrepreneurs living in climate-risk-prone areas through MFIs. MFI’s integral climate risk assessments are crucial for properly developing products and services that help their clients become more resilient,” says Oxfam Novib Investments Manager Tamara Campero.
The MFIs selected for this project will operate in countries prone to climate risks where the ONF is active, such as Uganda, Kenya, Burkina Faso, Mali, Senegal, Sierra Leone, Madagascar, Zambia, and the Democratic Republic of Congo.
The grant will take place over a period of up to two years and will reinforce Triple Jump and ONF’s strong commitment to strengthening climate resilience of their clients and the communities they serve.
For more information, please contact [email protected]
About Triple Jump
Triple Jump is a Dutch impact-focused investment manager that provides meaningful and responsible investment opportunities in developing countries. By providing financing and support to companies in emerging markets, Triple Jump empowers entrepreneurs to significantly contribute to solving global challenges like poverty, inequality, and climate change. Triple Jump has offices in Amsterdam, Nairobi, Lima, Mexico City, Tbilisi, and Bangkok.
About Oxfam Novib
Oxfam Novib believes that impact investments are crucial for creating fair and sustainable economies that tackle poverty and inequality. Established in 1998, the Oxfam Novib Fund (ONF) supports financial service providers (FSPs) worldwide. Managed by Triple Jump since 2007, its mission is to help vulnerable people recover and become resilient to climate change by providing finance and other support to FSPs. ONF believes FSPs are vital in offering sustainable products and services that serve vulnerable people while achieving social and financial returns.
About EIB Global
The European Investment Bank (ElB) is the long-term lending institution of the European Union, owned by its Member States. It finances investments that contribute to EU policy objectives.
EIB Global is the EIB Group’s specialised arm devoted to increasing the impact of international partnerships and development finance, and a key partner of Global Gateway. We aim to support €100 billion of investment by the end of 2027 — around one-third of the overall target of this EU initiative. Within Team Europe, EIB Global fosters strong, focused partnerships alongside fellow development finance institutions and civil society. EIB Global brings the EIB Group closer to people, companies and institutions through our offices across the world.
