Mauritius based Aviator EMF invests $3.1 Million in Midland Microfin ltd.

ecognizing the potential of Microfinance Institutions in India, Aviator Emerging Market Fund has invested $3.1 million (approx Rs. 24 Cr.) in Midland Microfin Ltd. a Jalandhar, Punjab based company that provides funding towards financial and social empowerment of women by way of business loans.

Aviator Emerging Market Fund operates under a License issued by the Mauritius Financial Services Commission. It is also registered with Securities and Exchange Board of India (SEBI) as a Foreign Portfolio Investor. The fund has a clear focus on the Financial Services Sector, particularly NBFCs in India. Aviator Emerging Market fund has invested into Midland Microfin Limited with a combination of NCDs & ECB.

Speaking about the investment, Ashish Bhandari, Investment Advisor at Aviator EMF said, “Microlending is small, but lucrative, considering the fact that almost half the Indian population is financially excluded. Microlenders provide the essential financial services of last-mile lending to the bottom of the pyramid where large banks hesitate. With Midland, we have identified a great company doing the noble work of empowering women by offering them business loans."