The Alliance of Financial Inclusion, popularly known as AFI, is best described as a wide network comprising various policymakers operating in the field of financial inclusion without being limited by international borders. The core mission of AFI is to ensure that billions of less fortunate and economically weak individuals who are currently languishing in poverty are uplifted to a more prosperous state. The AFI was established in the year 2008 and receives its funding from the erstwhile Microsoft chief Bill Gates’ Bill and Melinda Gates foundation with additional support from AusAid. At present, the AFI boasts a network that spans 89 countries and over 100 institutions across the globe.
AFI operates out of Kuala Lumpur, Malaysia. Since 2008, Alfred Hanning has been the organisation’s Executive Director. The Alliance of Financial Inclusion has 3 operating languages – French, Spanish and English – which cover a major portion of the global population. The AFI uses a P2P (peer to peer) style learning model for connecting, encouraging and enabling financial policy members in interacting as well as sharing knowledge with each other. Some of the top focus areas of AFI include general financial inclusion, formalization of micro-savings, agent-based banking, financial integrity, mobile financial services as well as consumer protection. NABARD is recognized worldwide as a leading member of this organization.