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NMI's fifth fund aims for triple bottom line

The Nordic Microfinance Initiative (NMI) is setting up its fifth fund, which is backed by a NOK 90m investment from Norway's government. Previous funds have achieved a 10 percent annual USD return across various economic cycles.

Photo: stock.xchng - arkivfoto

The Nordic Microfinance Initiative, which is based in Oslo and manages roughly USD 260m, is setting up its fifth fund. The previous funds have grown in size as institutional investors have been lured back as the first three funds yielded a 10 percent annual return, measured in USD, while reaching 7 million people in Asia and Africa.  

The fifth fund aims to support Indonesian farmers booting their palm tree crops of and palm oil production without damaging on the rainforest, writes E24.no.

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