Aavishkaar Goodwell India Microfinance Development Company II Limited

South Asia Financial services

Equity fund investing in microfinance companies and adjacent sectors in India e.g. housing businesses and technology based systems for financial inclusion.

Key facts

Status:
Active
Region

Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.

:
South Asia
Countries

For funds, the countries listed here are those the fund has invested in so far.

:
India
Sector

We have seven priority sectors. However, we continue to invest outside these sectors, largely in the most challenging regions, as new investment supporting any sector helps to underpin the private sector, and create jobs and livelihoods for people. For funds, the sectors listed here are those the fund has invested in so far.

:
Financial services
Investment type

We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).

:
Intermediated investment
Fund manager:
Aavishkaar Goodwell
Start date

For direct investments, this is the date CDC committed capital to the business or project.

For funds, this is the date that CDC committed capital to the fund.

For underlying fund investments, this is the date that the fund invested capital into the business.e

:
July 2012
Amount

For direct investments, this is the total amount that CDC has committed to the business or project (it may be a combination of equity and debt).

For funds, this is the total amount that CDC has committed to the fund.

:
$15m
Domicile

This is the investee company’s place of incorporation; or a fund’s jurisdiction.

:
Mauritius

Investments made by this fund

  • Active
  • Exited
Investment name Country Region Sector Start date Status
Utkarsh Microfinance

Based in Uttar Pradesh, Utkarsh is a small finance bank which provides financial services to the under-served low-income rural and urban population in north and east India. It started operating back in September 2009, and provides group loans, micro, small and medium enterprise (MSME) loans, housing loans and savings accounts to the unbanked population in its heartland.

View investment details

India South Asia Financial services June 2011 Active
Suryoday Small Finance Bank Limited

Suryoday Small Finance Bank Limited is based in Mumbai with over 215 branches in 7 states across India and over 750,000 customers. It offers group, individual, SME and home loans.

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India South Asia Financial services May 2012 Exited
Suryoday Small Finance Bank Limited

Suryoday Small Finance Bank Limited is based in Mumbai with over 215 branches in 7 states across India and over 750,000 customers. It offers group, individual, SME and home loans.

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India South Asia Financial services May 2012 Active
Arohan Financial Services Ltd

Arohan is a microfinance institution providing group and individual credit products to the population in the Eastern part of India – West Bengal, Assam and Bihar.

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India South Asia Financial services September 2012 Active
Electronic Payment and Services Pvt Ltd

EPS offers ATM outsourcing and related services for India's rapidly growing ATM network. It provides transaction processing and card management services which are offered to banks to enable them to concentrate on core banking functions. It has over 5,000 ATMs under management across urban, semi-rural and rural locations.

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India South Asia Financial services September 2012 Active
IntelleCash

IntelleCash is a microfinance institution focused on delivering micro-credit and allied services in north-eastern India, traditionally one of the most underserved regions.

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India South Asia Financial services September 2012 Active
Swarna Pragati

Swarna Pragati Housing Microfinance Private Limited provides microfinance solutions, with a particular focus on housing loans.

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India South Asia Financial services July 2013 Active