Triple Jump’s innovative Financial Inclusion Resilience Fund (FIRF) is dedicated to strengthening the resilience of financial institutions in emerging markets through subordinated debt.
The fund seeks to serve as a catalyst to improve the solvency position of financial institutions, allowing them to increase their lending to micro, small and medium sized enterprises, and low-income borrowers.
With the U.S. International Development Finance Corporation’s (DFC’s) substantial contribution of 48 million dollars, FIRF is better equipped to deliver on its mission of promoting financial inclusion and economic stability in emerging markets recovering from Covid-19 and the impacts of the war in Ukraine.
An Open Invitation: As we persist in our mission to fortify emerging markets, we extend a cordial invitation to partners who share our vision and values. We welcome any additional investors who aspire to make a meaningful impact in the financial inclusion space.
Orsolya Farkas Equity Manager at Triple Jump said: “This is the third time that DFC invests in one of Triple Jump’s impact funds, demonstrating DFC’s unwavering dedication to promoting financial inclusion in emerging markets. Impact-focused financial institutions often operate in uncertain geopolitical and economic contexts. Triple Jump designed the Resilience Fund to meet their need for flexible capital.”
Triple Jump’s innovative Financial Inclusion Resilience Fund (FIRF) will focus on providing subordinated debt to financial intermediaries serving Micro, Small and Medium-sized Enterprises (MSMEs) and low-income borrowers in emerging markets.
FIRF aims to serve as a catalyst to improve the solvency position of these financial intermediaries, allowing them to continue and increase their lending activity to MSMEs and low-income borrowers.
Access to appropriate financial services allows low-income entrepreneurs – women in particular – to improve their financial resilience and seize opportunities to grow their businesses.
At first closing, FIRF reached USD 72M, with a target final size of USD 120M. The fund is currently building up its portfolio and targets to disburse USD 15M during the first quarter of 2023.