Impact Stories

Our portfolio companies have created a real difference in the lives of real people. Learn about their stories and see how their situations have changed for the better.

  • Desi was left with USD 25K credit card debt when her husband disappeared. Debt collectors harassed her and even visited her daughter’s workplace, resulting in her losing her job. Amalan stopped the harassment from debt collectors, helped Desi settle all her loans at a 55% discount and start to rebuild her wealth. Now Desi and her family are living in peace and are more proactive about financial planning.

 
 
  • Fajar lost his job and accumulated USD 19,000 of debt after he tried starting his own business.

    After signing up with Amalan, he was able to start paying off his loans using a long-term payment plan with affordable instalments and reduced interest.

 
 
  • Ms. Dang Thi Phuong ran her clothing stall at Phù Lỗ market (Hanoi). Her stall was completely burnt by the big fire at Phù Lỗ market. Luckily, Ms. Phuong bought a fire insurance policy from Global Insurance Corporation and received over 100 million Dong soon after the fire. The speedy insurance claim not only protected Ms. Phuong from fire loss, but more importantly reinstalled her hopes to rebuild her cloth business.

 
 
  • Upon the initiative of a family member, 11 smallholder farmers enrolled with Forte’s Weather Index Crop Insurance. The product protects farmers against the loss of key crops, such as rice, mango, banana, cashews, vegetables, and rubber. At that time, the family member was worried to get others involved in the program. But later on, the 11 families received their claims payment when adverse weather struck. So, in 2022, they all bought again.

 
 
 

Financial Inclusion

Through our investments, we aim to empower underserved populations and promote economic resilience by facilitating access to banking, insurance, and other financial products and services.

Climate Adaptation

Aligned with the overarching objectives of the EU Taxonomy, our investments bolster climate adaptation efforts by empowering marginalized communities and reinforcing environmental resilience. This involves facilitating access to financial protection from climate perils and promoting community readiness for climate change through risk advisory services.


Our Impact Numbers

Access

45.1 m
Underserved Reached

System
Strengthening

$ 5.8 m
Consumer debt resolved

Product Quality

4 days
Average # of business days to process claims

Incentives &
Responsibility

55,992
Farmers covered through climate insurance

Our Impact framework

We have developed our proprietary Triple P ASPIRE framework to systematically measure and monitor the holistic impacts of financial inclusion and climate adaptation. We divide our impact objectives into four dimensions and use metrics that allow comparison across companies.


Sustainable Development goals

Triple P aligns its impact objectives with the United Nations Sustainable Development Goals (UN SDGs). UN studies have shown that inclusive financial services drive progress on no less than eight UN SDGs. Of these eight, we have identified six key SDGs and specific sub-goals within each of these that we aim to address through our and our portfolio companies’ efforts.

  • Target 1.4 By 2030, ensure that all men and women, in particular the poor and the vulnerable, have equal rights to economic resources, as well as access to basic services, ownership and control over land and other forms of property, inheritance, natural resources, appropriate new technology and financial services, including microfinance.

    Target 1.5 By 2030, build the resilience of the poor and those in vulnerable situations and reduce their exposure and vulnerability to climate-related extreme events and other economic, social and environmental shocks and disasters.

  • Target 3.8 Achieve universal health coverage, including financial risk protection, access to quality essential health-care services and access to safe, effective, quality and affordable essential medicines and vaccines for all.

  • Target 5.5 Ensure women’s full and effective participation and equal opportunities for leadership at all levels of decision making in political, economic and public life.

    Target 5.A Undertake reforms to give women equal rights to economic resources, as well as access to ownership and control over land and other forms of property, financial services, inheritance and natural resources, in accordance with national laws.

  • Target 8.5 By 2030, achieve full and productive employment and decent work for all women and men, including for young people and persons with disabilities, and equal pay for work of equal value.

    Target 8.10 Strengthen the capacity of domestic financial institutions to encourage and expand access to banking, insurance and financial services for all.

  • Target 9.3 Increase the access of small-scale industrial and other enterprises, in particular in developing countries, to financial services, including affordable credit, and their integration into value chains and markets.

  • Target 13.1 Strengthen resilience and adaptive capacity to climate-related hazards and natural disasters in all countries.

    Target 13.3 Improve education, awareness-raising and human and institutional capacity on climate change mitigation, adaptation, impact reduction and early warning.


Our Impact Philosophy

Triple P’s impact philosophy has three overarching principles: holistic view, rigorous measurement and business ownership. Business ownership of the impact metrics sets our impact philosophy apart from other frameworks. We want our portfolio companies to see lasting value in impact creation, and our approach is tailored to achieve this goal.

 

What Triple p’s portfolio companies have done so far

• Covered 55,992 smallholder farmers in Cambodia through weather index crop insurance policies

• Covered VND 56.9 b of losses arising from natural catastrophes in Vietnam in 2022

• Launching pilot programs for agricultural insurance for rice farmers and green motor insurance

• All insurers invest responsibly by excluding coal-related securities and other businesses with negative environmental or social impact


Access to financial services is still limited in Southeast Asia despite the economic growth in the region. Digital payments and account ownership have picked up, but lending and insurance are lagging. These services are critical for building financial resilience and enabling access to economic opportunities, while fostering climate adaptation.


Our theory of change