Impact investor Triple Jump has launched the Triple Jump Financial Inclusion Resilience Fund (FIRF) which will provide subordinated debt to financial intermediaries focused on the MSME and low-income segment, in particular women in emerging markets.
So far, the fund has raised USD 72mn with plans to raise USD 120mn in total. It also building up its portfolio to disburse USD 15mn during Q123.
About the Financial Inclusion Resilience Fund
The Dutch Good Growth Fund (DGGF) is a cornerstone investor in the FIRF. For the first closing, DGGF’s investment was leveraged by the ASN Microkredietfonds and the U.S. International Development Finance Corporation has provided a USD 48mn senior loan to the fund.
Triple Jump is an impact-focused investment manager founded in 2006. Its portfolio companies in Africa include Yellow (Malawi), akwaaba (Ghana) AMZ (Zambia) and goodsmart (Egypt).