Ferd initiates and contributes to funds and organisations with an objective of inclusion of the poor and refugees in Asia and Africa.
The Nordic Microfinance Initiative (NMI)
NMI invests in financial institutions and other companies that contribute to financial inclusion in Africa and Asia. Primeraly by taking significant ownership stakes in unlisted companies. Through board representation and strong collaboration with the management, NMI exercises active ownership in order to achieve its ownership agenda. NMI works to give those at the bottom of the pyramid access to financial services in a sustainable way. Its aim is for its investments to deliver robust social and financial results.
NMI was set up in 2008 on the initiative of Johan H. Andresen in order to put in place a public-private collaboration in Norway. NMI today has private and public sector investors from Norway and Denmark, and manages a capital base of over NOK 2 billion. Ferd is a minority owner of the management company and a substantial investor in all four of NMI’s funds.
The Refugee Impact Bond is a project by a group of private and public organisations
to address the funding gap for refugee livelihood programmes through an innovative
results-based financing mechanism called a Development Impact Bond (DIB). It will
improve livelihood opportunities for Syrian refugees and host community members
The DIB’s investors have committed $10 million upfront to fund micro-enterprise
development, market facilitation, and start-up grants for 4,380 people (primarily
women and youth) over four years in Jordan. Repayment by the DIB’s outcome
funders (donors) is conditional on the achievement of pre-agreed outcomes. These
will be measured by an independent evaluator.
The DIB is delivered by an implementing partner (NGO), which is given the needed
flexibility to adapt and innovate to maximise results. The DIB parties will share their
learnings with the wider development community working in humanitarian contexts.
Learn more about the Refugee Impact Bond here.
The World Economic Forum defines humanitarian investing as mobilising capital in ways that support vulnerable people and communities.