Goodwell West Africa Microfinance Development Company
Last updated 13 May 2020, by Impactyield.
Emerging countries (256) / Africa (127) / Western Africa (11) / Ghana (1)
Goodwell West Africa Microfinance Development Company Ltd. (the “Company”) is a business development company for the microfinance sector that invests in entrepreneurial microfinance organizations on a socially and commercially sustainable basis.
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 organizations 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 by focusing on scalability, efficiency and leverage, and by applying a rigorous private equity approach within a mission driven setting.
The Company’s strategy is to develop entrepreneurial MFIs and financial intermediaries by investing patient risk capital and by providing them with guidance and support. As a for-profit business development company, its objective is to create both social and economic value for its investments and their clients, and consequently for its investors.
The Company invests in MFIs and financial intermediaries with potential strong future cash flows, outspoken social impact and realistic exit options.
The Company invests in small scale, young or start-up financial intermediaries and in medium to large scale growth phase financial intermediaries that operate with microfinance licenses or with other specific financial services licenses. This combined approach will enhance social impact and lead to a diversified portfolio.
The functional currency of the Company will be the euro. The investments will be denominated in Nigerian Naira's and Ghanaian Cedi's.
of track record
the year funded
Goodwell Investments BV
Headquarters location: Netherlands
Other funds managed by this asset manager: Aavishkaar Goodwell India Microfinance Development Company Ltd IIuMunthu Investment CompanyGoodwell MDC IIIAavishkaar Goodwell India Microfinance Development Company Ltd
Key performance indicators
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
Inception year: 2009
Vintage year: 2009
Target region: Africa, Emerging countries, Ghana, Western Africa
Target close date: n.a.
Product term: 10 years +2x 1-yr ext
Assets under management: n.a.
Investment size: Min: 500,000; Max: 3,000,000; Avg: 2,000,000
Currency of investments: EUR (Euro)
Currency for fund / product figures: EUR (Euro)
Fund investments to date: 5
Fund investments to date exited or repaid: 0
Management fee: n.a.
Carried interest: n.a.
Hurdle rate: n.a.
GIIN Investors' Council Investment: No
Limited Partners / Investors: n.a.
Limited Partner / Investor Type: n.a.
Phone number: +31 357 200 111
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Increased financial inclusion of the un- and underbanked by providing diverse microfinance products through MFI's and mobile financial services providers.
Additionally, the Company’s combined approach of allocating a portion of the portfolio to start-up and smaller scale MFIs, alongside more established MFIs, is expected to enhance social impact and lead to a diversified portfolio. For this emerging MFI market segment, the Company plays a critical role in stimulating and creating a new generation of commercial microfinance institutions in strategic partnerships and alliances with commercial banks, donor agencies and capacity building institutions.