C-Quadrat Asset Management, a unit of Austria fund manager C-Quadrat, today informed MicroCapital that its Dual Return Vision Microfinance and Vision Microfinance-Local Currency funds extended credit totaling approximately USD 9 million to unidentified providers of financial services in Ecuador and Honduras.
A bank that is based in Tegucigalpa, Honduras, borrowed USD 8 million. Founded in 1994, it focuses on financing small and medium-sized enterprises and is seeking to expand in rural areas. Before gaining approval to borrow from the bank, customers must meet a set of “high environmental standards” as evidenced by an “environmental audit [that] was developed in close collaboration with international development banks.”
As of January 31, 2017, the combined assets under management of the Dual Return funds total USD 482 million. C-Quadrat manages assets equivalent to EUR 5.3 billion (USD 5.9 billion) as of May 2016.
Sources and Additional Resources
Information provided directly to MicroCapital by C-Quadrat.
Dual Return Funds Managed by C-Quadrat Loan $17m to Microfinance Institutions (MFIs) in Costa Rica, Ghana, India, Kenya, Mexico, Peru, the Philippines
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