Bellwether Launches $100 Mln. Indian Financial Inclusion Fund

Sep 2008
India, September, 15 2008 - Bellwether Microfinance Fund, India's first micro-finance venture capital fund, announced that it has launched $100 million Indian Financial Inclusion Fund or IFIF, according to media.

IFIF is a Mauritius-based India focused fund, of which $30 million funding has been raised in August 2008 and the rest will be raised by August 2009. Capsian Advisors is the fund manger for the fund.

Mona Kachhwaha, Investment Manager of Capsian Advisors, said that the fund would focus on microfinance institutions and microfinance enablers, which includes companies that act as a catalyst to link banks to the unbanked/under-banked customers across urban and rural India, She added that the IFIF will also look to catalyse housing solutions for low income customers via housing finance companies as well as housing development companies.

Source : RTT News

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