Legatum Capital, a private firm that invests in global capital markets and social development initiatives, announced that it has invested USD 8.4 million (INR 34 crore or 340 million) in Intellecap, a company based out of Mumbai and Hyderabad, India which provides business advisory services to investors and organizations seeking both financial and social returns on investments. Among the services offered by Intellecap is Intellecash, a microfinance best practices franchise package that, according to the website, provides franchisees “with the information, systems, and processes that are required to start and manage profitable microfinance operations.” This is India’s first microfinance franchising initiative.
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WHO’S WHO IN MICROFINANCE: Intellectual Capital Advisory Services Pvt. Ltd (Intellecap)
Intellectual Capital Advisory Services Pvt. Ltd (Intellecap) is an Indian consultancy firm, based in Mumbai, which works in business innovation, capacity development, and investment initiatives in the development sector. The organisation works in strategic advisory roles as well as in the direct design of initiatives aimed at leveraging profit orientated solutions to resolving poverty.
MICROCAPITAL STORY: Microbank in a Box? Partnership Formed by Intellecap, CASHPOR, Aavishkaar Goodwell, and ICICI Bank Develops IntelleCash Microfinance Franchise Package
Dr. Nachiket Mor, Deputy Manager Director of the India-based ICICI Bank, has started IntelleCash, a microfinance training, investment, and banking program. IntelleCash seeks to help entrepreneurs construct microfinance institutions (MFIs). Dr. Mor of ICICI Bank was joined in a partnership by Indian businesses Aavishkaar Goodwell, a for-profit business development firm, Intellectual Capital Advisory Services (Intellecap), a social investment banking company, and the largest MFI of North India, CASHPOR. The IntelleCash program includes specific services for entrepreneurs for which each member of the IntelleCash partnership applies their expertise.Continue reading “MICROCAPITAL STORY: Microbank in a Box? Partnership Formed by Intellecap, CASHPOR, Aavishkaar Goodwell, and ICICI Bank Develops IntelleCash Microfinance Franchise Package”
Microfinance Innovation Competition Run by Intellecap and Aavishkaar Goodwell India Declares Vijaya Switha of Chitrika as Winner with Runners Up from Rickshaw Bank and DhanaX
Winners of the 2007 Srijan Microfinance business Plan Competition Award, based in India, were recently announced. The awards are organised by Intellecap, a consultancy firm which works in business innovation, capacity development, and investment initiatives in the development sector, and the Aavishkaar Goodwell India Microfinance Development Company (AGI), which runs microfinance venture capital funds. The top 3 awards include cash prizes of 150,000 rupees (USD 3,600), Rs. 100,000 (USD 2,400) and Rs. 50,000 (USD 1,200) as well as mentoring support from Intellecap for the new initiatives. The organisers say the competition intends to recognise new ideas and encourage innovative thinking and entrepreneurial spirit in the sector.
Intellecap Announces Microfinance Business Plan Competition in India
In yet another innovation coming from the burgeoning microfinance sector in India, Intellecap, a microfinance consulting organization, has established an Indian Microfinance Business Plan competition. Called the Srijan Business Plan Competition, this event is being organized along with Aavishkaar Goodwell, a microfinance venture capital fund associated with Intellecap. The conference is sponsored by some of the leading providers of commercial microfinance in India – Yes Bank, Standard Chartered Bank and ICICI. For the organizers of this event, this provides an opportunity to identify business plans with promise to increase “deal flow”.
Continue reading “Intellecap Announces Microfinance Business Plan Competition in India”
MICROFINANCE EVENT: Sankalp Africa Summit; February 28-29, 2024; Nairobi, Kenya
This annual gathering focuses on “sustainable” development in Africa, including as can be promoted via entrepreneurship and impact investing. Attendees will engage on themes such as renewable energy,
MICROFINANCE EVENT: Sankalp Global Summit; October 19, 2023; Mumbai, India
The Sankalp Forum’s 15th Global Summit is themed “The Great Transition: Financing Climate Action for the Global South.” The program will focus on the promotion of: (1) Micro-, small and medium-sized enterprises (MSMEs) seeking to reduce human impacts on the environment; (2) Switching to renewable – and affordable – energy sources; (3) Protecting biodiversity on land and in water;
MICROFINANCE EVENT: Sankalp West Africa Summit; June 12-13, 2023; Accra, Ghana
This event will focus on mechanisms through which entrepreneurial partnerships in regions such as South Asia, Southeast Asia and Africa, can solve global issues. The organizers expect approximately 80 speakers and 300 delegates discussing topics such as: (1) Agriculture; (2) Climate Change and Clean Energy;
MICROCAPITAL BRIEF: Arohan of India Raises $11m in Equity from FMO to Expand Microfinance, Including via Technology
Arohan Financial Services, an India-based microfinance institution (MFI) offering credit and insurance services to groups, individuals and other MFIs, recently accepted an equity investment in local-currency equivalent to USD 11 million from the Dutch development bank Financierings-Maatschappij voor Ontwikkelingslanden (FMO). Arohan plans to use the fresh capital
MICROFINANCE EVENT: 10th Sankalp Africa Summit; March 1-2, 2023; Nairobi, Kenya
This event will focus on mechanisms through which entrepreneurial partnerships can solve global issues. The agenda offers time for one-on-one meetings plus 40 group sessions covering topics such as
MICROCAPITAL BRIEF: Aavishkaar India Fund VI Nets $130m for MSMEs Addressing Climate Change, Agtech, Fintech – Anchored by Public Funding from Domestic, European Sources
Aavishkaar Capital, a subsidiary of India’s Aavishkaar Group, recently completed the first close of its Aavishkaar India Fund VI with commitments totaling INR 10 billion (USD 130 million) to invest mainly in micro-, small and medium-sized enterprises (MSMEs). In particular, Sushma Kaushik, a partner at Aavishkaar Capital, said that the fund aims to
MICROFINANCE EVENT: Sankalp Africa Summit; March 1-4, 2022; Nairobi, Kenya
In parallel with its sibling Sankalp events that have a global or Southeast Asian focus, this forum is intended to “leverage the knowledge and networks from entrepreneurs, investors, corporations and policymakers” to promote “development through entrepreneurship and innovation.” The theme for the ninth Sankalp Africa Summit is “mainstreaming impact” to create
MICROCAPITAL BRIEF: Microfinance Institution Arohan of India Files for IPO, Early Investors to Exit, Deals May Total $247m
The microlender Arohan Financial Services recently filed with the Securities Exchange Board of India in preparation for an initial public offering (IPO) through which it seeks to raise INR
MICROFINANCE EVENT: Sankalp Africa Summit; February 27 – 28, 2020; Nairobi, Kenya
The aim for the seventh Sankalp Africa Summit is to “discuss, define, and drive forward the critical levers of entrepreneurial success for the Sustainable Development Goals to be achieved by 2030 in Africa.” The summit will focus on challenges,
MICROFINANCE EVENT: Sankalp Global Summit; November 26-27, 2019; Mumbai, India
For the 10th year running, this conference acts as a platform to connect small and medium-sized enterprises (SMEs) in India with potential funders,
MICROCAPITAL BRIEF: Arohan Financial Services Borrows $9m from BNP Paribas for Microfinance in India
BNP Paribas, a France-based bank, recently informed MicroCapital that it has issued a two-year loan to Arohan Financial Services in the amount of INR 650 million (USD 9.1 million). The Kolkata-based microfinance institution (MFI), is to repay the loan in
MICROFINANCE EVENT: 6th Sankalp Africa Summit; February 21-22, 2019; Nairobi, Kenya
This summit will focus on promoting social entrepreneurship and impact investing, which the event organizers describe as “using business as a tool to achieve social impact” while also generating profits. The themes for the first and second
MICROFINANCE EVENT: Sankalp Global Summit; December 11-12, 2018; Mumbai, India
Themed “Agenda 3 Billion – Building Entrepreneurial Ecosystems,” the 10th Sankalp Global Summit is organized around the following sectors: agriculture, clean energy, health & sanitation, financial inclusion, and livelihoods. Sample presentation titles include: (1) Financial Inclusion in the Digital Age,