Goodwell Microfinance Development Company is a Netherlands based social investment company which mobilizes capital for microfinance institutions (MFIs) through equity investments. Having successfully operated its first microfinance development company in India since 2006, Goodwell in 2009 launched a second investment company in West Africa.
The US$50.0 million West Africa Fund is to focus its investments in Nigeria and Ghana geographically. Other partners and co-sponsors of the Fund are:
- · KFW;
- · FMO;
- · NM ; and
- · other private investors
Part of Goodwell NL’s core strategy is to invest in entrepreneurial microfinance institutions with the goal of creating a substantial social impact and an attractive financial return. The key objective is to work with local partners to improve access to affordable financial services for millions of people at the ‘base of the pyramid’.
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The Goodwell West Africa Fund operates with the principal belief that improving access to affordable financial services for people at the “Base of the Pyramid” contribute to sustainable development. This improvement can best be achieved by developing and scaling up entrepreneurial microfinance institutions. The established funds also provides commercial long-term capital and active support to start-up and growth phase microfinance institutions (MFIs) to kick-start and accelerate their growth and build value whilst maintaining their social focus.