PROJECT

Projects

Summary of Proposed Investment

Project Number

25980

Company Name

AAVISHKAAR GOODWELL INDIA MICROFINANCE DEVELOPMENT COMPANY LIMITED

Date SPI Disclosed

Feb 26, 2007

Country

India

Industry

Funds

Projected Board Date

Mar 29, 2007

Status

Active

Sector

Other Funds

Department

Global Industry, Financial Markets

Environmental Category

FI

Previous Events

Approved : Jun 13, 2007
Signed : Jun 25, 2007
Invested : Jul 6, 2007

Project Description

The project involves an investment in Aavishkaar Goodwell India Microfinance Development Co. Ltd (AGI), a fund of up to $25 million which will make investments in microfinance institutions (MFIs) in India. AGI will make investments in start-up and growth phase MFIs operating as non-banking finance companies (NBFCs), service companies or specific financial service providers. AGI will invest in MFIs through common equity, quasi-equity, and other instruments.

Sponsor / Cost / Location

Development Impact