The Aavishkaar Frontier Fund (AFF) will target projects in the fields of agro-industry, renewable energies, education, health, water and sanitation, and, to a lesser extent, in the field of technologies. The companies eligible for financing will need to demonstrate that they have an inclusive economic model which generates significant positive impacts for low-income populations. AFF is Aavishkaar’s first regional initiative and includes four countries in its investment strategy: Bangladesh, Pakistan, Sri Lanka and Indonesia.
This operation will have a major impact on employment (1,100 jobs are expected to be created over the next 5 years) and significant social effects due to a strategy that targets entrepreneurial initiatives in rural areas whose beneficiaries are disadvantaged. It will also contribute to the development of the local economic base by supporting first-time entrepreneurs during the “upstream” phases of start-ups.