C-Quadrat Asset Management, a unit of Austrian fund manager C-Quadrat, disbursed the equivalent of USD 40 million during December to 15 microfinance institutions (MFIs) from its Dual Return Vision Microfinance funds. The MFIs, whose identities remain confidential, span 14 countries. One is a cooperative located in Ecuador that was founded in 1988 and offers savings and credit products, mainly for microentrepreneurs in the Andes mountains. C-Quadrat describes the MFI as having “good client protection principles, high transparency and…attractive labor” policies. The MFI also provides free community services such as financial literacy, sustainable agriculture and youth sports programs.
As of November 2017, the Dual Return Vision Microfinance and Dual Return Vision Microfinance-Local Currency funds manage assets valued at a total of USD 660 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
MicroCapital: MFI in Bosnia and Herzegovina Borrows from Dual Return Vision Microfinance Fund
Do you know that MicroCapital publishes the MicroCapital Monitor newspaper each month? Find out more at http://www.microcapital.org/products-page/.
- MICROCAPITAL BRIEF: Vision Microfinance Funds of C-Quadrat Loan $45m in Countries Including Bangladesh, Cambodia, Tajikistan, Nicaragua
- MICROCAPITAL BRIEF: C-Quadrat’s Dual Return Vision Microfinance Funds Loan $22m in Burkina Faso, China, Colombia, El Salvador, Paraguay, Sri Lanka
- MICROCAPITAL BRIEF: MFI in Bosnia and Herzegovina Borrows from Dual Return Vision Microfinance Fund
- MICROCAPITAL BRIEF: Nicaraguan MFI Among Those Borrowing $12m from C-Quadrat’s Dual Return Vision Microfinance Funds
- MICROCAPITAL BRIEF: C-Quadrat’s Dual Return Vision Microfinance Funds Lend $31m to MFIs in Asia, Latin America