• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

New Delhi, July 25

International Finance Corporation, FMO, the Netherlands Development Finance Company, and Deutsche Bank on Wednesday announced their joint investment in the microfinance private equity company Aavishkaar Goodwell.

This investment will support the launch of up to 60 greenfield microfinance organisations and the expansion of up to 10 fast growing microfinance institutions across India.

A release issued by IFC said that the potential client base for microfinance in India is estimated at around 75 million households.

Aavishkaar Goodwell’s goal is to support growth of the sector, bringing affordable financial services to underserved households and areas in India.

The investment from IFC, FMO, and Deutsche Bank would help Aavishkaar Goodwell achieve this, the release added.

More Stories on : Credit Market | Rural Development

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Rupee sheds 8 paise

Copyright © 2007, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line