Manappuram-controlled Asirvad Microfinance to raise money from German impact investor

Asirvad Microfinance, majority owned by Manappuram Finance, will raise about Rs 220 crore (€25 million) in external commercial borrowing (ECB) from a German impact investor in tranches. Invest in Visions GmbH has already committed the first tranche of €5 million in Asirvad Microfinance to address liquidity shortage faced by women borrowers ......