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



Based in West Bengal, the MFI focuses on delivering microcredit services, primarily to women, in West Bengal, Bihar, and Assam...
> more


Specialising in the retail banking and technology domain, EPS is a payment system company founded in 2011. The company provides...
> more

Intellecash / India

IntelleCash is a young MFI that provides working capital and business loans to individuals and small businesses. IntelleGrow, an IntelleCash...
> more


Using micro-credit, Suryoday offers joint liability loans as well as individual SME loans to economically challenged women who traditionally lack...
> more


Swarna Pragati is India’s first affordable housing micro-finance company. The MFI offers loans for both fresh construction and home renovations...
> more


The MFI provides income generating loans and insurance to underserved regions where micro-finance penetration is less than 4%. With over...
> more


Goodwell Investments BV

Amsterdam, The Netherlands
Herengracht 201 | 1016 BE Amsterdam
(+31) 85 273 7462 | info@goodwell.nl | @Goodwellinvest

Nairobi, Kenya
Block B 4th floor, Merchant Square | Riverside Drive


Cape Town, South Africa
2nd Floor, The Harrington | 50 Harrington St, District Six | Cape Town, 7925
(+27) 21 4475949

© Goodwell Investments