Aavishkaar Goodwell India Microfinance Development Company II
Aavishkaar Goodwell India Microfinance Development Company II is Goodwell’s second India focused micro-finance development company. It provides private equity and active support to entrepreneurial micro-finance organisations.
AGIMDC II’s goal is to increase the outreach of commercial micro-finance organisations and to provide a market rate of return to the investors. It builds on the success of its predecessor AGIMDC II. The fund is again managed in a joint venture with Aavishkaar Investment Management Services, is professionally run with a dedicated team, and is funded by professional investors.
AGIMDC II achieved its first closing in December 2010 in the midst of the micro-finance crisis which reiterated investor confidence in the investment team’s ability to identify and invest in promising enterprises in the micro-finance sector. Its second closing happened in June 2012 at USD$31 million with a mandate to invest in the microfinance and financial inclusion space. AGIMDC II raised its capital on the strategy that it would extend the horizon of early-stage investing to include merger and acquisition and micro-finance housing and technology-based interventions.
Board members
- Wim van der Beek
- Nousrath Bhugeloo
- Els Boerhof
- Devananda Naraidoo
Investment Committee
- Nousrath Bhugeloo
- Els Boerhof
- Alexandra Schaapveld
