Aavishkaar Goodwell India Microfinance Development Company II

Aavishkaar Goodwell India Microfinance Development Company II is Goodwell’s second India focused micro-finance development company. It provides private equity and active support to entrepreneurial micro-finance organisations.

AGIMDC II’s goal is to increase the outreach of commercial micro-finance organisations and to provide a market rate of return to the investors. It builds on the success of its predecessor AGIMDC II. The fund is again managed in joint venture with Aavishkaar Investment Management Services, is professionally run with a dedicated team, and is funded by professional investors.

AGIMDC II achieved its first closing in December 2010 in the midst of the micro-finance crisis which reiterated investor confidence in the investment team’s ability to identify and invest in promising enterprises in the micro-finance sector. It’s second closing happened in June 2012 at USD$31 million with a mandate to invest in the micro-finance and financial inclusion space. AGIMDC II raised its capital on the strategy that it would extend the horizon of early stage investing to include merger and acquisition and micro-finance housing and technology based interventions.

For more information, please contact Wim van der Beek or Els Boerhof at info@goodwell.nl.

Board members

  • Wim van der Beek
  • Nousrath Bhugeloo
  • Els Boerhof
  • Devananda Naraidoo

Investment Committee

  • Nousrath Bhugeloo
  • Els Boerhof
  • Alexandra Schaapveld

Portfolio

Intellecash / India

IntelleCash is a young MFI that provides working capital and business loans to individuals and small businesses. IntelleGrow, an IntelleCash...
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EPS / INDIA

Specialising in the retail banking and technology domain, EPS is a payment system company founded in 2011. The company provides...
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AROHAN / INDIA

Based in West Bengal, the MFI focuses on delivering microcredit services, primarily to women, in West Bengal, Bihar, and Assam...
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SWARNA PRAGATI / India

Swarna Pragati is India’s first affordable housing micro-finance company. The MFI offers loans for both fresh construction and home renovations...
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SURYODAY (EXITED) / INDIA

Using micro-credit, Suryoday offers joint liability loans as well as individual SME loans to economically challenged women who traditionally lack...
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UTKARSH MICROFINANCE / India

The MFI provides income generating loans and insurance to underserved regions where micro-finance penetration is less than 4%. With over...
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Governance

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(+31) 85 273 7462 | info@goodwell.nl | @Goodwellinvest

 

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