Status: Approved investment
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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

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
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)