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ASNMF

52.50350 EUR
0.0375
0.07%
Last update Mar 19, 9:00 AM CET
Market closed
Previous close
52.54100
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ASN-Novib Microcredit Fund
52.50
0.04
0.07%

Overview

Description

ASN-Novib Microcredit Fund is a development-focused financial asset that primarily aims to provide microcredit to underserved communities in emerging markets. The fund is designed to promote financial inclusion by offering small loans to entrepreneurs and small businesses that lack access to traditional banking services. These loans facilitate economic growth and poverty alleviation by enabling recipients to expand operations, invest in productivity-enhancing tools, or meet short-term working capital needs. The fund targets key sectors such as agriculture, retail, and small-scale manufacturing, often in regions with limited financial infrastructure. Its unique role in the financial market is as a socially responsible investment vehicle, appealing to investors who prioritize impact over pure financial returns. By supporting microfinance institutions with funding, the ASN-Novib Microcredit Fund promotes sustainable development and empowers communities to build resilient economies. In doing so, it plays an important role in aligning financial return with social impact, fostering a more equitable distribution of financial resources globally.

About

Address
Phone
+31 7035 69 333
Website
Instrument type
Mutual fund
Country
Netherlands
MIC code
XAMS
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