News

October 2011: Goodwell Investments : Highlights

Goodwell invests in West Africa and India and expands its impact investment scope. Goodwell Investments is pleased to send you an update of our activities and recent investments in the microfinance sector in India and West Africa, on our fund raising efforts and on the expansion of our team and range of impact investment activities.

Highlights:

- Goodwell West Africa invests in Pagatech in Nigeria and Nwabyagia Rural Bank in Ghana Aavishkaar -Goodwell invests in the Series B round of investment in Utkarsh in India - Confidence returning to the microfinance sector in India Goodwell signs new Principles for Investors in - Inclusive Finance Goodwell expands team with two partners: Bernadette Blom and Bob Assenberg -Goodwell team active in fund raising and in expanding advisory business

Goodwell West Africa invests in mobile payments company Pagatech in Nigeria

In May, 2011, Goodwell West Africa announced its investment in Pagatech (Paga) - a mobile payments company based in Lagos, Nigeria. With Paga, any person with a mobile phone or access to internet is able to send cash, purchase airtime credit, pay bills, pay retailers and perform a variety of other transactions. Paga operates via a nationwide network of dedicated agents, which include several hundred agents associated with DStv, the leading provider of multi-channel pay television in Africa, with whom Paga has an exclusive partnership. Paga is set to become the leading mobile payments company in Nigeria. Goodwell is proud to support the launch of this next generation microfinance provider.
  • Invest with impact

    Invest with impact

    Impact investments aim to improve the lives of the approximately 4 billion people at the “Base of the Pyramid’ (“BoP”), earning less than $ 3,000 per year. The majority of these people live in Africa and Asia. Impact investment is an active approach to benefit people, planet and profit with the purpose to generate other returns beyond financial results. In this respect it differs from ‘negative screening’ or ‘avoidance’ and from grant-based and philanthropic initiatives.

  • bussiness and projects

    Businesses & Projects

    Typical basic goods and services for those at the BoP include financial services, energy, affordable housing, health, education, water and food. As regular markets at the BoP are typically underserved by traditional businesses, Goodwell’s investments focus on Small and Medium sized Enterprises (SME’s) in the vicinity of BoP markets. SME’s understand regional dynamics and bring an immediate positive economic impulse through new employment.

    Goodwell Investments has built and manages a number of microfinance equity investment companies, in partnership with teams in India and West Africa. Goodwell also advises its clients on sustainable business solutions within the impact investment sector.

  • people

    People

    The Goodwell team aims to support local businesses by providing them with long term risk capital as well as guidance and support.

    Goodwell's model is based on building strong equal partnerships with local entrepreneurial investment teams with an aligned vision, combining professional investment experience, global networks and sector experience with on the ground investment skills and hands-on support