LAKSHYA FOUNDATION
Status: Approved investmentWhy disclosure?
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Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Lok Foundation, a non-profit entity created to provide grant funding for local and long-term technical assistance (TA) to Lok Capital II and Lok Capital III portfolio companies.
What is our funding objective?
Lok Foundation is seeking a Capacity Development (CD) grant that will be used for TA projects with portfolio companies of their equity funds Lok Capital II (until exiting) and Capital Lok III (expected to close before end 2015). TA projects will focus on improvements of operations, governance and social / bottom of the pyramid (BoP) missions of portfolio companies.
Why do we fund this investment?
Enabling TA to these portfolio companies through a grant will enhance the growth and impact of these portfolio companies in India, stimulating financial and broader social inclusion to the previously excluded, particularly BoP, in the rural and most untapped areas.
- Region
- Asia
- Country
- India
- Sector
- Financial Institutions
- Effective date
- 12/15/2015
- Total FMO financing
- EUR 0.30 MLN
- Funding
- MASSIF