AAVISHKAAR VENTURE MANAGEMENT SERVIStatus: Approved investment
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Who is our customer
Aavishkaar Venture Management Services Private Limited (“AVMS”) is a holding company and an asset manager based in India. AVMS’s main business lines include Microfinance, SME Lending, Fintech, Fund Management, Advisory and Consultancy. AVMS provides both access to finance for underbanked individuals and businesses mainly in India and facilitates investment or directly invests into inclusion focused companies through equity funds and investment servicing the bottom of the pyramid and MSME, but also to build an ecosystem supporting institutionalization of both those market segments. AVMS is expanding its business activities into South East Asia and Africa.
What is our funding objective?
The proceeds will be used to provide capital buffer needed to grow the loan books of the underlying non-bank financial institutions of AVMS, and to pursue new initiatives to support their ambition in increasing outreach to the bottom of the pyramid.
Why do we fund this investment?
The proposed investment provides capital to support AVMS' next growth stage. FMO will play an active role in improving Environmental, Social and Corporate Governance principles in the organisation.
What is the Environmental and Social categorization rationale?
E&S category B, in accordance with FMO’s Sustainability Policy. AVMS' main business activities are loans to MFIs and MSME’s. This is all deemed to have limited adverse environmental and social risks.
- Infrastructure, Manufacturing and Services
- Publication date
- Effective date
- Total FMO financing
- INR 1399.99 MLN
- FMO NV
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C)