Aavishkaar Goodwell India Microfinance Development Company Ltd II


Last updated 13 May 2020, by Impactyield.

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Aavishkaar Goodwell India Microfinance Development Company Ltd II (AGIMDC II) is a business development company for the microfinance sector that invests in entrepreneurial microfinance organizations on a socially and commercially sustainable basis. The Company builds on the success of Aavishkaar Goodwell India Microfinance Development Company Ltd (“AGIMDC I” or “predecessor fund”) which was launched in 2007.

The Company is founded on the principal belief that improving access to affordable financial services for people in the Base of the Pyramid contributes to sustainable development, and that this improvement can best be achieved by developing and scaling up entrepreneurial microfinance organisations and integrating them into the mainstream financial sector.

The Company provides commercial long-term capital and active support to entrepreneurial microfinance start-ups, existing microfinance institutions (MFIs) and other financial intermediaries targeted at the BoP.

The objective of the Company is to maximize value through superior risk-adjusted social and financial returns, by focusing on scalability, efficiency and leverage, and by applying a rigorous private equity approach within a mission driven setting.

Financial description

Building on the strategy and track record of the successor fund, AGIMDC II has been designed keeping in mind the dynamic Indian microfinance landscape. The Company seeks to make investments in the following segments:
1) mature and medium sized MFIs market
2) start-up and early stage MFIs market segment
3) other financial intermediaries providing financial products and services for the BoP

13 years

of track record


the year funded



SDG goals

SDG targets

Equal rights to ownership basic services technology and economic resources

Increase access to financial services and markets

Key performance indicators

Fund overview

Asset manager: Goodwell Investments BV

Product track record: Fund has 13 years of track record

Target IRR: n.a.

Committed Capital: n.a.

Target return category: Risk-adjusted market-rate of return

Fund domicile:

Product status:

Style/Stage: , ,

Inception year: 2010

Vintage year: 2010

Target region: , , ,

Target close date: 01/07/2012

Product term: 10 year + 2x 1-yr ext

Assets under management: n.a.

Investment size: Min: 1,000,000; Max: 5,000,000; Avg: 3,000,000

Co-investment policy:

Currency of investments:

Currency for fund / product figures:

Fund investments to date: 6

Fund investments to date exited or repaid: 0

Management fee: n.a.

Carried interest: n.a.

Hurdle rate: n/a%

GIIN Investors' Council Investment: Yes

Limited Partners / Investors: n/a

Limited Partner / Investor Type: n.a.


E-mail: info@goodwell.nl

Website: http://www.goodwell.nl/

Phone number: +31 357 200 111

If you wish to have your details removed from this database please email gdpr@impactyield.com

Impact Performance


Impact thesis

Increased financial inclusion of the un- and underbanked by providing microfinance products, housing finance and electronic payment services through MFI's and other channels.

Impact Management


Financial benchmark

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