Aavishkaar Goodwell

Aavishkaar Goodwell is a for-profit business development company that provides equity finance and hands-on support to entrepreneurial microfinance organizations in India on a socially and commercially sustainable basis. It aims to improve access to affordable financial services for millions of families in order to contribute to poverty alleviation and sustainable development. They help in scaling up entrepreneurial microfinance organizations in India and integrating them into the mainstream financial sector.

Commonwealth Development Corporation (CDC)

Founded in 1948, CDC is the UK's Development Finance Institution (DFI) wholly owned by the UK Government's Department for International Development (DFID). It is the world's oldest DFI with a history of making successful investments in businesses which have become industry leaders thereby having enormous impact on the private sector in their country and region as well as improving the lives of many, many individuals. CDC's mission is to support the building of businesses throughout Africa and South Asia, to create jobs and make a lasting difference to people's lives in some of the world's poorest places.

International Finance Corporation

IFC is a member of World Bank Group and supports microfinance by:

  • Engaging in partnerships and collective investment vehicles
  • Supporting commercial banks to extend their operations to the sector
  • Providing innovative solutions to microfinance institutions, including local currency loans.
  • Helping transform nonprofit and nongovernmental organizations into for-profit financial Intermediaries.
  • Offering targeted advisory services
Lok Capital

The Lok Capital initiative was launched at the end of 2000 with the support of a grant from the Rockefeller Foundation. Lok Capital means People's Capital. Lok Capital defines itself as a hands-on financial investor with social performance goals and standards, dedicated to promoting financial and social inclusion through all its activities. India was chosen as the Funds' first market for the Lok Capital initiative for two reasons. First, schemes intended to improve access to basic services for the poor have not proven to be greatly successful in India. There exists enormous potential for delivering commercially viable solutions to urban and rural poor. Second, the Lok Capital team has a deep understanding and working knowledge of India, including its complex regulatory environment and entrepreneurial culture. Lok Capital manages two BoP funds with over $85 mn under management. The funds are the central entity of the Lok group structure.

Norwegian Microfinance Initiative (NMI)

The Norwegian Microfinance Initiative (NMI) is a new and innovative strategic partnership between the Norwegian public and private sectors that invests in microfinance institutions in developing countries. It aims to contribute to the empowerment of poor people and to the creation of jobs, wealth and economic and social sustainability in developing countries by investing in and supporting Microfinance Institutions.

Investor Grievance

I. Contact Information - Neeraj Kumar Tiwari, Company Secretary & Compliance Officer S-24/1-2 First Floor Mahavir Nagar Orderly Bazar Varanasi, M# +91 9598069737

II. Email address - secretarial@utkarshmfi.com

Compliance reports

BM Intimation

Interest Payment Initiation

Investment Grievance