Project Description
Maanaveeya is an Indian subsidiary of Oikocredit, Ecumenical Development Cooperative Society U.A.. Maanaveeya has operated since 2004 as a development finance company, and offers bulk loans to microfinance institutions and other agencies for development projects, besides support through guarantees and equity participation. In order to support Maanaveeya in a holistic manner, IFC has structured this project into following three components:
1) Improve and strengthen organizational capabilities of Maanaveeya in the AVCF space
2) Development & capacity enhancement of Maanaveeya's partner institutes (i.e. tier-I) in the AVCF space
3) Building of Maanaveeya's portfolio in the AVCF space
Towards the end or after the completion of this project, we expect Maanaveeya to be able to offer more than credit to farmers/ SMEs.