Asirvad Microfinance raises Rs 220 cr from Invest in Visions GmbH

Asirvad Microfinance has raised Rs 220 cr of debt from Germany based social impact fund Invest in Visions GmbH for onlending. Asirvad said it would receive the funds in three tranches of which euro 5 million has already been disbursed.

“The funds will help us in furthering our mission of creating an inclusive India, by extending credit to the micro-borrowers," Raja Vaidyanathan, chief executive of Asirvad said

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