VIRAF, backed by global DFIs and leading impact institutional investors, is India's first securitization AIF focused on financial inclusion. The fund invests in asset-backed securities supported by granular retail loans to micro and small enterprises, low-income households, and women entrepreneurs. With $165 million already committed, VIRAF is now raising an additional $85 million in debt to deepen its impact and expand access to global capital.
Advancing Financial Inclusion
Driving financial inclusion by expanding access to financing for small businesses and addressing gender disparities through targeted support for micro, small, individual, and women entrepreneurs.
Strengthening India's Securitisation Market
Enhancing India's securitisation market by unlocking access to global capital pools, while fostering innovation and scalability in structured finance.
Enabling Sustainable Growth for NBFIs
Building a sustainable, long-term ecosystem for small and mid-sized Non-Banking Financial Institutions (NBFIs), the key drivers of India's financial inclusion efforts.
Fund Tenor
10 years (Ends March 2033)
Target Fund Size
USD 250 million
Fund Structure
Close-ended
Fund Status
Live
Legal Name
Vivriti Fixed Income Series-3 IFSC LLP
Category
Alternative Investment Fund (AIF)
Fund Domicile
GIFT City, India
Credit Rating
AA+ (ICRA, an affiliate of Moody's)
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