Dr. Nachiket Mor, Deputy Manager Director of the India-based ICICI Bank, has started IntelleCash, a microfinance training, investment, and banking program. IntelleCash seeks to help entrepreneurs construct microfinance institutions (MFIs). Dr. Mor of ICICI Bank was joined in a partnership by Indian businesses Aavishkaar Goodwell, a for-profit business development firm, Intellectual Capital Advisory Services (Intellecap), a social investment banking company, and the largest MFI of North India, CASHPOR. The IntelleCash program includes specific services for entrepreneurs for which each member of the IntelleCash partnership applies their expertise.Continue reading “MICROCAPITAL STORY: Microbank in a Box? Partnership Formed by Intellecap, CASHPOR, Aavishkaar Goodwell, and ICICI Bank Develops IntelleCash Microfinance Franchise Package”
Search Results for: Aavishkaar Goodwell
MICROCAPITAL STORY:SHARE Microfin Ltd. Receives Historically Largest Indian Microfinance Equity Investment from Legatum and Aavishkaar Goodwell
Private firms Legatum and Aavishkaar Goodwell have agreed to a joint equity investment of USD 27 mm in the capital shareholdings of SHARE Microfin Limited (SML), a microfinance institution (MFI) of India. With a USD 25 mm share of the equity investment, Legatum gains the majority interest of SML, while Aavishkaar Goodwell acquires a minority interest in the MFI with USD 2 mm. The equity investment reaches a record high for Indian SMLs, becoming the largest equity investment of capital ever received by an Indian MFI. SML speculates that the new finances will provide an additional five million loans across five years.
Continue reading “MICROCAPITAL STORY:SHARE Microfin Ltd. Receives Historically Largest Indian Microfinance Equity Investment from Legatum and Aavishkaar Goodwell”
MICROCAPITAL BRIEF: Goodwell Investments Acquires Minority Stake in Microfinance Software Firm Musoni
Goodwell Investments, a for-profit social investment company based in the Netherlands, has invested an undisclosed sum to acquire a “significant minority stake” in Musoni Services, a Dutch microfinance software company with operations in Myanmar and nine African countries [1].
MICROCAPITAL BRIEF: Goodwell West Africa Acquires 30% Stake in Microfinance Institution Women’s World Banking Ghana (WWBG)
Goodwell West Africa, one of four funds of the Netherlands’ Goodwell Investments, recently acquired a 30-percent share of Women’s World Banking Ghana (WWBG).
MICROCAPITAL BRIEF: Aavishkaar to Raise $75m for “Frontier Fund” to Invest in South, Southeast Asia
Aavishkaar, an Indian manager of impact-oriented venture capital investments, reportedly plans to raise USD 75 million for its newly launched Aavishkaar Frontier Fund, an international social venture capital fund that aims to place investments in 300 start-ups in various countries in South Asia and Southeast Asia including Bangladesh, Indonesia, Myanmar, Pakistan and Sri Lanka.
MICROCAPITAL BRIEF: Goodwell West Africa Invests Equity in MicroCred Microfinance Bank Nigeria
Goodwell West Africa, a private equity fund managed by Netherlands-based social investment company Goodwell Investments and Nigeria-based investment management and advisory firm Alitheia Capital, has announced that it will be investing equity of an unspecified amount in Microcred Microfinance Bank (MFB) Nigeria, a member of the France-based MicroCred Group [1].
MICROCAPITAL BRIEF: Goodwell West Africa Invests Equity in Mainstreet Microfinance Bank of Nigeria
Goodwell West Africa, a private equity fund managed by Netherlands-based social investment company Goodwell Investments and Nigeria-based investment management and advisory firm Alitheia Capital, has announced that it will be making an equity investment of an unspecified amount in Mainstreet Microfinance Bank (MFB), a microfinance institution in Nigeria [1].
MICROCAPITAL BRIEF: Suryoday Micro Finance of India Raises $3.8m from Lok Capital, Aavishkaar, HDFC
Suryoday Micro Finance Private Limited, an Indian microfinance institution (MFI), is reportedly seeking to increase its customer base by 1 million by 2014 and has raised INR 20 crores (USD 3.8 million) in capital from three of its investors: Aavishkaar Goodwell, a for-profit, Indian-Dutch joint venture; Lok Capital, a Mauritius-based microfinance investment vehicle; and the Housing Development Finance Corporation (HDFC), an India-based housing finance company.
MICROCAPITAL BRIEF: Goodwell West Africa Invests $1m in Microfinance Provider Nwabiagya Community Bank of Ghana
Netherlands-based investment fund Goodwell West Africa has agreed to raise its equity share in Nwabiagya Community Bank of Ghana from 14.03 percent to 18.9 percent with a USD 1 million investment.
MICROCAPITAL BRIEF: Aavishkaar India II Closes First Fund at USD 62m; Targets USD 120M by June 2012
Indian firm Aavishkaar Venture Management has reportedly completed the first close of its new fund, Aavishkaar India II, having raised the equivalent of USD 62 million. Aavishkaar and its funds aim to expand rural opportunities in India through investments in enterprises catering to the poorest segments of the population.
MICROCAPITAL BRIEF: Spurned by Commercial Banks, Indian Microfinance Institutions (MFIs) Raise Funds from Social Investors IFC, ACCION, MicroVest, ShoreCap, Aavishkaar, BlueOrchard
Indian microfinance institutions (MFIs), which have seen new lending from commercial banks dry up since the “Andhra Pradesh crisis” broke in late 2010, instead have been accessing funds from social and philanthropic investors including: International Finance Corporation (IFC), the private-investment arm of the World Bank Group; ACCION International, a US-based nonprofit organization; MicroVest Capital Management, a US-based family of microfinance investment funds; Shore Capital, a UK-based investment banking company; Aavishkaar Goodwell India Microfinance Development Company Limited, an India-based financing company; and BlueOrchard Microfinance Investment Managers, a Swiss manager of microfinance funds.
MICROCAPITAL BRIEF: Goodwell West Africa Invests in Nigerian Mobile Money Service, Paga
Goodwell West Africa, a branch of Goodwell Investments of the Netherlands, has invested an undisclosed amount in Paga’s mobile money service with approval from the Central Bank of Nigeria.
MICROCAPITAL BRIEF: Goodwell Investments Expands Beyond Microfinance to Include SME Finance, Health, Renewable Energy
Goodwell Investments, a business development company based in the Netherlands, has announced that it will expand the scope of its impact investing services from a focus on microfinance to include small and medium-sized enterprise finance, water & sanitation, health care and renewable energy [1].
MICROCAPITAL BRIEF: Aavishkaar India Micro Venture Capital Fund Reportedly Raising $100m to Set Up Third Private Equity Fund for Microfinance in India
Aavishkaar India Micro Venture Capital Fund (Aavishkaar Venture India), a venture fund that provides equity financing to entrepreneurial initiatives, especially in India at the bottom of the pyramid, is reportedly raising INR 4.58 billion (the equivalent of USD 100 million) to set up its third “microfinance-focused” private equity fund through Aavishkaar Goodwell.
MICROCAPITAL BRIEF: KfW Entwicklungsbank (KfW) and Norwegian Microfinance Initiative (NMI) Commit Total of $11.6m to Goodwell West Africa to be Invested in Microfinance Sector in Ghana and Nigeria
Goodwell West Africa, a branch of Goodwell Investments, a business development company based in the Netherlands, has received commitments of EUR 8 million (USD 9.7 million) from KfW Entwicklungsbank (KfW), a German development bank, and EUR 1.6 million (USD 1.9 million) from Norwegian Microfinance Initiative (NMI), a strategic partnership between the Norwegian public and private sectors that invests in and provides support for microfinance institutions (MFIs) in developing countries. The funds will be invested in established MFIs as well as emerging MFIs in Ghana and Nigeria.
MICROCAPITAL BRIEF: Alitheia Capital, Goodwell Investments BV and JCS Investments Announce First Close of $60m Equity Fund for Microfinance in Nigeria and Ghana
Alitheia Capital, Goodwell Investments BV and JCS Investments have announced the first close of a USD 60 million equity fund focused on microfinance in Nigeria and Ghana. Investors include Dutch development bank FMO and a number of Dutch high net-worth individuals and institutional investors. Further financial details have not been released.
KNOW A MICROFINANCE FUND: FRONTIERS, Global Partnerships Microfinance Fund, Goodwell, Grameen Credit Agricole Microfinance Fund
The following microfinance investment funds are profiled in this brief:
FRONTIERS
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=FRONTIERS
Global Partnerships Microfinance Fund
Goodwell
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Goodwell
Grameen Credit Agricole Microfinance Fund
MICROCAPITAL STORY: Alitheia Capital, Goodwell Investments and JCS Investments Limited Open West African Microfinance Fund Targeted at $50m
A fund targeted at USD 50 million has been opened by Alitheia Capital, Goodwell Investments and JCS Investments Limited in Lagos, Nigeria. The fund will invest in and develop microfinance banks and organizations in Nigeria and Ghana. These three investment organizations will pool funds to provide commercial long-term capital which will support the start up and growth of microfinance institutions (MFIs). In addition, support to management teams and access to global microfinance expertise would be provided. The goal of the fund is to increase the outreach of MFIs and provide investors with a market rate of return.