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Aavishkaar Goodwell India Microfinance Development Company Ltd II
Mauritius
Last updated 13 May 2020, by Impactyield.
Fund geography
Emerging countries (256) / Asia (67) / Southern Asia (30) / India (25)
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.
Asset class
Fund status
Fund style
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
14 years
of track record
2010
the year funded
n.a.
AUM
Interested in this fund?
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Gain a deeper and comprehensive understanding of how this fund generates positive impact in the themes and SDGs that matter to you, with insights provided by our dedicated team of expert analysts, and receive notifications about new available impact products, exciting investment opportunities, and relevant updates in the world of impact investing.
Asset manager
Goodwell Investments BV
Headquarters location: Netherlands
Other funds managed by this asset manager: uMunthu Investment CompanyGoodwell MDC IIIGoodwell West Africa Microfinance Development CompanyAavishkaar Goodwell India Microfinance Development Company Ltd
Key performance indicators
Fund overview
Asset manager: Goodwell Investments BV
Product track record: Fund has 14 years of track record
Target IRR: n.a.
Committed Capital: n.a.
Target return category: Risk-adjusted market-rate of return
Fund domicile: Mauritius
Product status: Closed - still investing
Style/Stage: Early Stage, Growth Stage, Seed Stage
Inception year: 2010
Vintage year: 2010
Target region: Asia, Emerging countries, India, Southern Asia
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: USD (US Dollar)
Currency for fund / product figures: USD (US Dollar)
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.
Contact
E-mail: info@goodwell.nl
Website: http://www.goodwell.nl/
Phone number: +31 357 200 111
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Wim van der Beek
n.a.
Impact Performance
n.a.
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
n.a.