MICROCAPITAL BRIEF: Absolute Portfolio Management’s Vision Microfinance Funds Loan $9.4m to Microfinance Institutions (MFIs) in Armenia, India, Kazakhstan, Kyrgyzstan, Mongolia, Peru, Sri Lanka, Tanzania

Absolute Portfolio Management (APM), an arm of Austria-based asset group C-Quadrat, recently informed MicroCapital that it has distributed credits worth approximately USD 9.4 million through its two Vision Microfinance funds to unspecified microfinance institutions (MFIs) in Armenia, India, Kazakhstan, Kyrgyzstan, Mongolia, Peru, Sri Lanka and Tanzania. A total of USD 2 million was loaned to an unnamed MFI based in the Sri Lankan city of Rajagiriya that was established in 2008 with the aim of supporting sustainable development and providing financial services in rural areas.

As of June 2014, APM reported that its Vision Microfinance Dual Return Funds held combined assets of USD 323 million. The two funds are Dual Return Fund-Vision Microfinance and Dual Return Fund-Vision Microfinance Local Currency.

By Benjamin Krupp, Research Associate

About Absolute Portfolio Management (APM)

Absolute Portfolio Management GmbH (APM) is an Austria-based asset management company that offers investment and advisory services in microfinance and other sectors. The firm’s Dual Return – Vision Microfinance and Dual Return Fund – Vision Microfinance Local Currency were created in 2006 and report total assets of USD 323 million under management, as of June 2014. APM is a unit of Austrian Fund Group C-Quadrat.

Sources and Additional Resources

[1] Information provided to MicroCapital by APM, June 27, 2014

MicroCapital, June 6, 2014: Absolute Portfolio Managements’ Vision Microfinance Funds Loan $5m to Microfinance Institutions (MFIs) in Azerbaijan, El Salvador, Tajikistan

MicroCapital, March 17, 2014: Absolute Portfolio Management Lonas $4m to Microfinance Institutions in Armenia, Honduras, Tajikistan

MicroCapital, January 14, 2013: Austria’s Absolute Portfolio Management Loans $11m to Microfinance Institutions Through Vision Microfinance Fund, Including $1.5m to Pro Mujer Bolivia, $1.5m to PRICE Tanzania, $750k Renewed to FINCA Tanzania

MicroCapital, November 2, 2012: Absolute Dual Return-Vision Microfinance Fund Invests $3.2m in FINCA Russia, AzerCredit of Azerbaijan, Bank Constanta of Georgia, Mikrofin of Bosnia and Herzegovina

MicroCapital Universe Profile: Absolute Portfolio Management

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