C-Quadrat Asset Management, an arm of Austrian fund manager C-Quadrat, recently informed MicroCapital that its Dual Return Vision Microfinance and Dual Return Vision Microfinance-Local Currency funds loaned a total approximately equivalent to USD 17.5 million to unidentified providers of financial services in Cambodia, China, Costa Rica, Georgia, Kosovo, Peru and Zambia.
A microfinance institution (MFI) based in Peja, Kosovo, which was founded by international organizations after the Kosovo War, borrowed EUR 500,000 (USD 530,000) of the total. The MFI mainly lends for entrepreneurial activity and has been certified in client protection by the Smart Campaign, which is housed within US-based NGO Accion. The MFI also participates in a sustainable energy lending program of the European Bank for Reconstruction and Development.
As of February 2017, the combined assets under management of the Dual Return funds total USD 500 million. C-Quadrat manages assets equivalent to EUR 5.3 billion (USD 5.9 billion) as of 2016.
Sources and Additional Resources
Information provided directly to MicroCapital by C-Quadrat.
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