Triple Jump’s Financial Inclusion Resilience Fund (FIRF) signed a USD 1.5 million subordinated loan with Asian Credit Fund (ACF).
Attracted funds will be used to increase ACF’s lending to micro, small, and medium-sized enterprises and low-income borrowers in rural areas of Kazakhstan.
Triple Jump’s innovative Financial Inclusion Resilience Fund (FIRF), Powered by DGGF, AMP and DFC 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.
ACF has had a fruitful collaboration with Triple Jump since 2014. The attraction of a subordinated loan from Triple Jump’s Financial Inclusion Resilience Fund reaffirmed the existing trust in ACF as a stable financial institution with a conservative policy and highly professional management.