Oxfam Novib Fund Annual Report 2024–2025 - Building Climate Resilience, Empowering Entrepreneurial Communities
The Oxfam Novib Fund (ONF) works to strengthen microfinance institutions (MFIs) and empower their clients – especially women, small-scale farmers, and rural entrepreneurs – to become more resilient to the growing risks of climate change. This year’s results show the power of financial inclusion to drive resilience of the world’s most vulnerable (micro-) entrepreneurs, equipping supporting micro finance institutions with change-making climate finance services and products.
The main objectives of the fund are:
- Strengthen the resilience of MFIs and their clients to effectively manage the growing impacts of climate change
- Deliver special funds so that entrepreneurs can recover from climate-related disasters
- Promote climate resilience among women, rural entrepreneurs, and small-scale food producers to ensure inclusive and sustainable development.
Highlights from 2024–2025
- €44.3 million invested across 40 MFIs in 23 countries
- 3.9 million borrowers reached, with 75,000 directly supported by ONF funding
- 85% of borrowers are women, 69% live in rural areas
- €426 million in deposits mobilized through partner institutions
- 33% of the portfolio focused on agriculture, surpassing the Fund’s climate resilience target
- €16.5 million disbursed through 15 deals, including new innovations in climate finance
- Net income of €1.17 million, reflecting strong and stable portfolio performance
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Climate-Focused Financial Services
Behind the numbers are people adapting to floods, droughts, and economic shocks. From cotton farmers in Pakistan to clay artisans in Mexico, ONF-backed loans and services mean families can recover, adapt, and thrive.
This year, more partner MFIs also expanded their climate-focused services:
- 25% now offer climate insurance
- 57% provide climate-related financial products (e.g., for clean energy and resilient farming)
- 46% deliver non-financial support, such as training in water management and sustainable agriculture
Looking ahead: 2025–2026
The Fund will continue to expand climate resilience strategies by:
- Keeping average liquidity under 5% while remaining fully invested
- Targeting €19.6 million in new disbursements with a strong pipeline of projects
- Growing investments in Latin America and Sub-Saharan Africa, especially in innovative climate solutions
- Ensuring every investment aligns with social goals and climate resilience
The Oxfam Novib Fund remains committed to empowering the most vulnerable entrepreneurs to climate change while ensuring financial institutions offer the necessary solutions.
