Association of Microfinance Institutions – West Bengal (AMFI-WB) was founded as a self-regulatory body in 2006. Objective of this association was to bring under its umbrella all Community Microfinance organizations that have their presence in West Bengal. Its Mission is to build a field of community development finance in West Bengal to help its members to serve their target clients, particularly women from poor families, in both rural and urban areas in pursuit of establishing stable livelihoods.
AMFI-WB has a very important role considering the nascent nature of the industry in developing capacities, adopting best practices, improving policy and operational mechanism of its members. At present there are 30 member organizations of AMFI-WB.
After four years of formation, a legal christening was thought imperative in order to orchestrate activities in a more proactive manner. With that intention AMFI-WB got registered as a public charitable trust on December 30, 2010.