Accion made an important strategic investment in IFMR Holdings in 2015. IFMR Holdings is a family of companies delivering financial services to India’s low-income population.
IFMR is a pioneer in financial inclusion: one of its main subsidiaries, IFMR Rural Channels, has pioneered an innovative wealth management model that offers a full range of financial services in remote rural villages across India. When entering a village, IFMR looks at the entire community and tries to help promote financial capability for the majority of its residents. Apart from helping the villagers themselves, this model helps IFMR tailor individualized solutions using an array of financial services on a household-by-household basis.
The other major subsidiary, IFMR Capital, provides financing for some of the best-rated financial inclusion intermediaries in India, which helps finance homes, automobiles, small businesses, and more. Its success is helping to draw more attention and resources to India’s financial inclusion sector.