The IPO of SKS Microfinance has created a whole lot of interest and debate on the money making involved in the business of financing the poor. What started out as a not-for-profit initiative by the MFI’s, has now turned into a for-profit business venture attracting a whole lot of private equity and venture capital firms.
Today I share with you the investment profile of Aavishkaar Goodwell, a specialized equity fund dedicated to supporting Indian MFIs. Aavishkaar Goodwell is a joint initiative of the teams behind Aavishkaar India, the world’s first for-profit microventure capital fund; and Goodwell, a Dutch microfinance investment company funded by social investors and pension funds.
2010: Shre Pathrakali (n.a)
2009: Bhartiya Samruddhi (Rs 9.0 cr), Suryoday (Rs 4.5 cr), Asomi (n.a)
2008: Grameen Koota (Rs. 9.0 cr), Equitas (Rs. 6.0 cr)
2007: Share Microfin (Rs 9.0 cr)
(In India, microfinance loans range in size from USD100 – USD500 with interest rates of 25% to 35% per annum.)
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