In 2015, CDC announced an investment of up to $26 million in Ujjivan, as part of an equity financing round of INR 6,000m. This investment will allow Ujjivan to provide more loans across a wider geographic area.
Historically, Ujjivan has focused on group lending microfinance for groups of women on low-incomes in urban areas.
Typically, these people are vegetable vendors, maids, porters and construction workers whose annual wage is less than INR 120,000 (c$1,900). In recent years, the MFI has also started to lend to individual micro-entrepreneurs to fund expenditure such as the purchase of equipment or livestock.
It also offers family loans to low-income women to cover school expenses of children, medical care, and house repairs.
Both the business and personal loans contribute to wider economic security and stability in these under-banked communities.
Environmental and social aspects
We played an active role in developing Ujivan's environmental and social policies, helping the institution implement a code of conduct and join the Smart Campaign that promotes responsible lending among micro-finance institutions.
Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.
- South Asia
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.
- Financial services
- Investment type
We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).
- Direct Equity
- 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
- March 2015
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.
This is the investee company’s place of incorporation; or a fund’s jurisdiction.