Lok Capital LLC

South Asia Financial services

Delhi-based Lok Capital is an impact investor which promotes inclusive growth in India by making long-term equity investments. It has operated since 2004.

This is a 2006 vintage fund providing long-term equity investments to microfinance institutions in India.

This investment was made under a previous strategy. We disclose information on all our current investments, but narrative information on our pre-2012 investments, when we introduced a new strategy, may be limited.

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
Website:
http://www.lokcapital.com/
Investment type

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

:
Intermediated investment
Fund manager:
Lok Capital
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

:
May 2006
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.

:
$4m
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
Janalakshmi Financial Services Ltd

Janalakshmi Financial Services, now Jana Small Finance Bank, started its operations in 2006 as an Indian micro finance institution (MFI) to provide finance for the country's low-income and underbanked population. In 2017, the MFI was granted a Small Finance Bank licence, and the rebranded firm began banking operations in March 2018. The Bengaluru-headquartered bank currently has 15,000 direct employees. It plans to convert most of its existing MFI branches into full-fledged bank branches across 18 states by the end of 2019. This includes 25 per cent of rural branches to serve the unbanked.

View investment details

India South Asia Financial services March 2007 Active
Spandana Sphoorty Innovative Financial Services

Spandana Sphoorty is a microfinance institution providing micro-credit and credit-plus services to low-income households and individuals in India.

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India South Asia Financial services August 2007 Active
Satin Creditcare Network Limited

Satin Creditcare is a leading microfinance institution in Northern India. It provides loans to the urban and rural poor to meet their productive requirements in starting new businesses or growing existing ones.

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India South Asia Financial services March 2008 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 2008 Active
Bhartiya Samruddhi Finance Limited

Bhartiya Samruddhi is a non-banking finance institution that mainly provides microfinance products/services. It is present in 33,226 villages in India.

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India South Asia Financial services March 2009 Active
Rural Shores Business Services

Rural Shores is a rural business processing outsourcing company (BPO) that commenced operations in January 2009. The company mainly caters to BSFI and insurance provider industries.

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India South Asia Financial services September 2009 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 September 2010 Active