AGIMDC
Established in 2006, Aavishkaar Goodwell India Microfinance Development Company (AGIMDC) marked Goodwell’s entry into the India market. Focused on entrepreneurial microfinance startups and growing microfinance institutions (MFIs), the fund supported these companies to professionalise and scale, expanding both their social and financial impact.
Kickstarting entrepreneurs in India’s microfinance ecosystem
AGIMDC was the first joint venture between Goodwell and India-based Aavishkaar Capital, and laid the foundations for our local-for-local approach, with investments being managed by an India-based team. Raising a total of USD 18.3m by final close in 2008, AGIMDC was instrumental in expanding financial inclusion in India, bringing access to microfinance to individuals and small businesses in some of the country’s most impoverished states.
AGIMDC is now fully exited, but a couple of the investees (Suryokay and Utkarsh) went on to receive additional funding through AGIMDC II, Goodwell’s second India-focussed fund.
2006
Launched
May 2008
Final close
18.3m USD
Raised
4
Fully exited
Industry
Agriculture
Portfolio companies
A new way to create lasting impact
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