MICROCAPITAL BRIEF: C-Quadrat’s Vision Microfinance Funds Loan $7m to Microfinance Institutions (MFIs) in Armenia, Cambodia, Kenya, Kyrgyzstan, Uzbekistan

During September 2015, Austrian asset manager C-Quadrat Asset Management issued loans worth the equivalent of USD 7 million via its two Vision Microfinance funds to unspecified microfinance institutions (MFIs) in Armenia, Cambodia, Kenya, Kyrgyzstan and Uzbekistan. Of this total, C-Quadrat Asset Management invested USD 4 million in an MFI based in Andijan, Uzbekistan. While financial details on this MFI are not available, it was incepted in 1991 and reportedly “offers attractive employment conditions, access to training opportunities and a clear career path” to its clients [1].

Formerly known as Absolute Portfolio Management GmbH, C-Quadrat Asset Management GmbH provides investment and advisory services in the field of microfinance. The firm’s Dual Return Fund – Vision Microfinance and Dual Return Fund – Vision Microfinance Local Currency were created in 2006 and report combined assets of USD 270 million under management as of September 2015. C-Quadrat Asset Management is a unit of Austrian fund group C-Quadrat, which manages assets equivalent to EUR 5.4 billion (USD 6.1 billion) as of September 2015.

By Meredith Steih, Research Associate

About C-Quadrat Asset Management

Formerly known as Absolute Portfolio Management GmbH, C-Quadrat Asset Management GmbH is an Austria-based provider of investment and advisory services in microfinance. The firm’s Dual Return Fund – Vision Microfinance and Dual Return Fund – Vision Microfinance Local Currency were created in 2006 and report combined assets of USD 267 million under management as of August 2015. C-Quadrat Asset Management is a unit of Austrian fund group C-Quadrat, which manages assets equivalent to EUR 5.4 billion (USD 6.1 billion) as of September 2015.

 

Sources and Additional Resources:

Information provided to MicroCapital through direct communication with C-Quadrat Asset Management

MicroCapital Universe Wiki: C-Quadrat Asset Management

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