India Financial Inclusion Fund
India Financial Inclusion Fund (IFIF) was set up in 2008 to invest in new and established microfinance institutions and other organisations that provide financial services to micro-entrepreneurs in India. At year-end 2012, the fund had made investments in a number of microfinance institutions, two of which focus on finance for affordable housing for the poor, and a company that provides payment services for the poor. The funds' assets will be invested further in the next few years and IFIF will continue to focus on the sustainable development of its existing partners. A senior officer of Triodos Bank represents Triodos Microfinance Fund on the Investor Board. This board supervises strategic developments within the Indian microfinance sector in general and within IFIF in particular.
Whoever you are, and wherever you live in the world, you are likely to want permanent access to financial services. Microfinance banks play a crucial role providing access to finance to an increasing number of people living on low-incomes. We finance microfinance institutions because they help to build inclusive financial sectors, where the majority of people have access to financial services, leading to a sustainable basis for balanced social and economic development.