Goodwell West Africa Microfinance Development Company

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.

Financial description

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.