AgRIF (Agricultural and Rural Impulse Fund) is a multiregional debt and equity microfinance investment fund with a specific focus on agricultural and rural outreach. It will be managed by Incofin Investment Management, a Belgian-based microfinance investment company.
The fund will focus on enhancing financial inclusion of the rural population by investing in targeted MFI’s or banks in emerging countries. It will also specifically aim at improving financial inclusion of smallholder farmers, by targeting MFIs and financial institutions that have developed specific agriculture linked loan products and by dedicating a limited part of its strategy towards financing producer organisations and agriculture-focused companies.
Equity and debt microfinance investment fund with specific agri and rural focus; targeting MFI and FI with an average investment of 5 million; End clients will receive loans between USD 1,000 and 10,000.
Mission of the fund is to bring finance to rural areas where access to credit is scarce.
Loans to agri or rural-focused financial intermediaries for an average of USD 2.5 million or to rural producer organisations or agricultural SMEs (10% of the fund)
The aim is to invest at least 60% of the portfolio in agriculture-focused institutions; other will be rural-focused;
The main goal of the investment is to provide smallholder farmers access to finance. This is done indirectly by investment in agri/rural-focused MFI's offering agri-products
Fund manager pays a lot of attention to Client Protection Principles (CPPs). If investee has weak CPP system in place, TA is often put in place to improve its implementation.
The fund will focus on enhancing financial inclusion of the rural population by investing in targeted MFI’s or banks in emerging countries. It will also specifically aim at improving financial inclusion of smallholder farmers, by targeting MFIs and financial institutions that have developed specific agriculture linked loan products and by dedicating a limited part of its strategy towards financing producer organisations and agriculture-focused companies.
Equity and debt microfinance investment fund with specific agri and rural focus; targeting MFI and FI with an average investment of 5 million; End clients will receive loans between USD 1,000 and 10,000.
Mission of the fund is to bring finance to rural areas where access to credit is scarce.
Loans to agri or rural-focused financial intermediaries for an average of USD 2.5 million or to rural producer organisations or agricultural SMEs (10% of the fund)
The aim is to invest at least 60% of the portfolio in agriculture-focused institutions; other will be rural-focused;
The main goal of the investment is to provide smallholder farmers access to finance. This is done indirectly by investment in agri/rural-focused MFI's offering agri-products
Fund manager pays a lot of attention to Client Protection Principles (CPPs). If investee has weak CPP system in place, TA is often put in place to improve its implementation.
Location: Belgium, Antwerp
Investors 1
| Date | Name | Website |
| - | Belgian In... | bio-invest... |
Mentions in press and media 19
| Date | Title | Description |
| 27.03.2026 | Former Incofin, Aavishkaar exec’s maiden PE-style fund hits first close | Premium Aditya Bhandari, founder and managing partner, Hegdinvst A Chennai-headquartered private equity firm, floated by a former executive of impact investments firms Incofin and ...... This is a Premium article. Please subscribe or log in... |
| 05.01.2026 | VC-backed Unnati to acquire Info Edge’s stake in Gramophone | Credit: 123RF.com Venture capital funds-backed agri-fintech platform Unnati is set to acquire tech-led agri-advisory Gramophone, marking a consolidation move in India’s agri-tech sector and an exit for Info Edge (India) Ltd from the asset. ... |
| 27.11.2025 | Dairy product manufacturer Ace International raises $35 million funding | Synopsis Under its B2B and B2C offerings, it provides dairy products for infant nutrition, adult nutrition, read-to-mix products, among other items. The company basically sources milk and converts it into B2B and B2C clients. Dairy product ... |
| 27.11.2025 | Dairy firm Ace International raises $35 mn in maiden external fundraise | Ace International’s plant in Hathras Dairy ingredients firm Ace International Ltd has raised $35 million (around Rs 312.3 crore) in its first external funding round from Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden NV (FM... |
| 09.07.2025 | Clean-label food company Khetika raises $18 M from Anicut Capital, others | A new funding round led by Anicut Capital and the Narotam Sekhsaria Family Office has raised $18 million (Rs 153 crore) for the clean-label food company Khetika, based in Mumbai. Existing investors like Rajasthan Gum Pvt. Ltd., Shree Ram In... |
| 08.07.2025 | Clean-Label Food Brand Khetika Secures USD 18 Mn Series B Funding The Mumbai-based startup plans to deploy the fresh capital towards brand expansion, ramping up manufacturing capacity, launching into ... | Clean-label food brand Khetika has raised USD 18 million in a Series B funding round led by Narotam Sekhsaria Family Office and Anicut Capital, with participation from existing backers including Incofin India Progress Fund, Rajasthan Gum, a... |
| 07.07.2025 | Healthy food brand Khetika bags $18 mn in Series B round | Prithwi Singh, co-founder & CEO, Khetika Healthy snack and staples brand Khetika said Monday it has bagged $18 million (approximately Rs 154.6 crore) in its Series B funding round led by Narotam Sekhsaria Family Office and Anicut Capita... |
| 07.07.2025 | Healthy food startup Khetika raises $18 million for expansion | Synopsis Khetika, a Mumbai-based healthy food company, secures $18 million in funding. Narotam Sekhsaria Family Office and Anicut Capital led the round. The funds will fuel brand building and geographical expansion. Khetika plans to introdu... |
| 07.07.2025 | Khetika raises $18M in Series B funding, eyes 10X revenue jump over three years | Clean-label food brand Khetika has raised $18 million in a Series B funding round led by Narotam Sekhsaria Family Office and Anicut Capital, according to a press note. The equity round also witnessed participation from existing investors In... |
| 03.03.2025 | Unnati Agri raises Series B funding from Zephyr Peacock India | Credit: 123RF.com Mid-market private equity firm Zephyr Peacock India, the local arm of New York-based emerging markets investment firm Zephyr Management, has invested in agriculture services company Unnati Agri. Unnati, operated by Akshama... |
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