Overview:
Aavishkaar Goodwell India Microfinance Development Company Ltd is a for-profit business development company that provides equity finance and support to entrepreneurial microfinance organizations in India.
Description:
Aavishkaar Goodwell is building a portfolio of USD 25 million in 30-40 microfinance start-ups and 8-10 fast growing institutions. For microfinance start-ups, Aavishkaar Goodwell partners with the IntelleCap financing program. The franchising program aims to reach out to 10 million clients and add USD 1 billion of outstanding loans by 2010. Aavishkaar Goodwell was initiated by an Indian-Dutch joint venture. The investment team in India invests alongside the team that manages Aavishkaar India Micro Venture Capital Fund. The Dutch microfinance private equity company Goodwell Microfinance Development Company is the leading investor in Aavishkaar Goodwell, along with international financial institutions and commercial banks, including the Netherlands Development Company, the International Finance Corporation, and Deutsche Bank.
Microfinance Information Exchange (MIX) Profile:
http://www.mixmarket.org/funders/aavishkaar-goodwell
Organization’s Website:
www.aavishkaargoodwell.com
Just the Facts:
Country of Incorporation: Mauritius
Year Founded: 2006
Legal Status: Global Business License 1 Company
Fund Assets (as of day/month/year): USD 18.3 million (As of May/09)
Fund Assets Allocated to MFI Investment (as of day/month/year): USD 18.3 million (As of May/08)
Number of MFI Investments (as of day/month/year): 8 (as of May/09)
Area of Operation: India
Participant(s)/Backer(s)/Investor(s): Goodwell
Instruments: Equity
Fund Currency: USD
Horizon: 5-7 years
Fund Manager: Aavishkaar International
Contact Information:
Aavishkaar Goodwell India Microfinance
Development Company Ltd
Level Six, One Cathedral Square
Jules Koenig Street
Port Louis, Mauritius
Tel: +230 207 1016
Additional Resources:
Latest news on Aavishkaar Goodwell from MicroCapital.org:
https://www.microcapital.org/?s=Aavishkaar+Goodwell+&x=0&y=0
Aavishkaar Goodwell Invests In Early Stage Microfinance (August 2009)
http://www.nextbillion.net/news/aavishkar-goodwell-invests-in-early-stage-microfinance
Ex-Bankers formed MFI receives Rs 4.5 cr from Aavishkaar Goodwell (July 2009)
http://in.reuters.com/article/indiaDeals/idINIndia-41179120090720
Grameen Koota Recieves INR 92 Million Equity Investment from Aavishkaar Goodwell (April 2008)
http://in.biz.yahoo.com/080401/138/6sa5r.html
Share Microfin Gets $27 Million Investment From Legatum Capital, Aavishkaar Goodwell
http://www.vccircle.com/2007/05/18/share-microfin-gets-27-million-investment-from-legatum-capital-aavishkar-goodwell/
Aavishkaar Goodwell gets money (August 2007)
http://indiamicrocredit.blogspot.com/2007/08/aavishkaar-goodwell-gets-money.html
The International Finance Corporation, Netherlands Development Company, and Deutsche Bank Invest Jointly in Indian Microfinance Private Equity Company Aavishkaar Goodwell (August 2007)
https://www.microcapital.org/microcapital-story-the-international-finance-coporation-netherlands-development-finance-company-and-deutsche-bank-invest-jointly-in-indian-microfinance-private-equity-company-aavishkaar-goodwell/
SHARE Microfin Ltd. Receives Historically Largest Indian Microfinance Equity Investment from Legatum and Aavishkaar Goodwell (May 2007)
https://www.microcapital.org/microcapital-storyshare-microfin-ltd-receives-historically-largest-indian-microfinance-equity-investment-from-legatum-and-aavishkaar-goodwell/
Latest news from Aavishkaar Goodwell:
http://www.aavishkaargoodwell.com/news.php
Link to Microcapital Universe, Your Wiki for Microfinance and More:
https://www.microcapital.org/wp-admin/post.php?action=edit&post=4036&message=1&_wp_original_http_referer=http%3A%2F%2Fwww.microcapital.org%2Fwp-admin%2Fedit.php
Authored by Kenny Kline, Research Associate
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