Namdev Finvest Private Limited
Status: Proposed investmentWhy disclosure?
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In case of questions
We welcome feedback on this proposed investment opportunity for FMO. The ending of the proposed investment phase is indicated on the right side of this page. In case of questions, please contact us at disclosure@fmo.nl
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 prospective customer?
Namdev Finvest Pvt Ltd (“Namdev”) is a non-deposit taking NBFC established in 2013. It has presence in rural and semi-urban areas in the northwestern region of India and currently operates 121 branches across 9 states. The company focuses on impact lending to micro-, small-, and medium enterprises (MSMEs) and also serves other segments such as two-wheelers, solar loans, and electric vehicles.
What is our funding objective?
FMO will provide a USD 20 million senior secured facility in INR with a tenor of 5 years. The transaction is structured as an investment into a listed Non-Convertible Debenture (NCD) and will enable Namdev to offer sustained support to MSMEs. All of the proceeds from this NCD are used to support Namdev in growing its MSME portfolio, with on-lending towards micro-borrowers, women-owned and/or women-led SMEs, and rural SMEs.
Why do we want to fund this investment?
The investment promotes financial inclusion and is critical for reaching the underserved segments in India. This investment contributes 100% to FMO’s goals in Reducing Inequalities (SDG 10).
What is the Environmental and Social categorization rationale?
The project has been categorized as E&S Category C following FMO’s Sustainability Policy. In the case of NBFC investments, the environmental and social (E&S) risk classification is typically medium to low because the exposure is generally limited to retail and micro-entrepreneurs, and there is no exposure to activities on FMO’s exclusion list or that trigger any of the IFC Performance Standards (PSs).
- Website customer/investment
- https://www.namfin.in
- Region
- Asia
- Country
- India
- Sector
- Financial Institutions
- Publication date
- 7/25/2025
- Deadline for feedback
- 8/24/2025
- Total FMO financing
- USD 20.00 MLN
- Funding
- FMO NV
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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) - C