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.
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.
Enhancing India’s securitisation market by unlocking access to global capital pools, while fostering innovation and scalability in structured finance.
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.
10 years (Ends March 2033)
USD 250 million
Close-ended
Live
Vivriti Fixed Income Series-3 IFSC LLP
Alternative Investment Fund (AIF)
GIFT City, India
AA+ (ICRA, an affiliate of Moody’s)
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