Triple Jump Receives $22 Million in Investments
Global, November, 01 2013 -
Netherlands-based microfinance fund manager Triple Jump received $22 million in investments for its Triple Jump Innovation Fund.
The contributors to the investment include German microfinance fund KCD Mikrofinanzfonds, Netherlands-based insurance provider Achmea, and nonprofit organizations Oxfam Novib and Cordaid.
The fund will offer technical assistance to microfinance institutions in developing countries. Concentrating on micro-banks that operate in rural areas, the fund will also boost support lending products for water and sanitation, higher education, small and medium-sized enterprises (SMEs), healthcare, clean and renewable energy, and incremental housing improvements.
During the first quarter of 2014, Triple Jump plans to raise $17.5 million in a second round of investments for the innovation fund.