As a shareholder in Class C shares you are protected against losses arising from a credit or counterparty risks of microfinance institutions through a first loss tranche of capital subscribed by the Luxembourg State and our investment adviser, ADA. The Prospectus prescribes that this protection should be at least 20% of the Class C capital, i.e. we can lose more than 1/5 of our diversified portfolio before you start losing money.
However, all investors are exposed to country, currency, liquidity, valuation, and operational risks as described in the Prospectus.