Fund Description
The Fund was set up in August 2008 to make equity and, in selected cases, debt investments in opportunities in the Financial Inclusion space in India. The Fifth and Final Closing in October 2009 brought the final fund size to US$ 88.97 million.
Fund Mission
To achieve double bottom line objectives of financial inclusion and capital appreciation
Vintage Year
2008
Geographic and Industry Investment Targets
Target Industry
Financial & insurance activities
Target Industries Description
Microfinance and adjacent sectors in Financial Inclusion space
Investment Region(s)
Asia
Countries of Investment
India
Geographic Target Description
None provided
Impact Investment Targets
Impact Targets
Socially beneficial prod/serv | Targeting the underserved
Impact Targets Description
We only invest in companies that are engaged in bringing about inclusion of the poor, under-served and/ or disenfranchised into the formal financial system.
Socially Beneficial Products & Services
Access to basic services | Economic &/or empowerment opportunities | Capital Flow (microfinance, equity, etc)
Environmentally Beneficial Products & Services
N/A