Impact Asset Management (I-AM), a unit of Austria’s C-Quadrat Investment Group, recently announced it lent a total of USD 20 million to microfinance institutions (MFIs) in China, Mexico, Mongolia, Nepal, Peru and three other countries through its Dual Return Funds during July 2022. I-AM has not released the names of the three countries or any of the MFIs involved. However, the investees included MFIs in Mexico and Peru that the funds had not supported previously. The group of transactions also expanded the funds’ portfolio into Nepal for the first time.
The Dual Return sub-funds are Vision Microfinance and Vision Microfinance Local Currency. Selected share classes of these sub-funds generated one-month returns ranging from 0.35 percent to 0.92 percent during July 2022. As of 2021, the funds held assets valued at EUR 677 million (USD 734 million).
I-AM, which was founded in the city of Vienna in 2006, “focuses on sustainable investments and microfinance products.” As of December 2021, it reports assets under management totaling EUR 3.4 billion (USD 3.7 billion).
C-Quadrat was founded in 1991 and since has built its portfolio to a valuation of EUR 8 billion (USD 8.7 billion).
By Ben Greissman, Research Associate
Sources and Additional Resources
Vision Microfinance commentary
https://reporting.impact-am.eu/Monatsupdate_Allgemein/VMF_Info/EN/VMF_Market_Commentary_072022_EN.pdf
Vision Microfinance homepage
https://www.visionmicrofinance.com
I-AM homepage
https://www.impact-am.eu
C-Quadrat homepage
https://www.c-quadrat.com
Previous MicroCapital story on I-AM and Dual Return Vision Microfinance
https://www.microcapital.org/microcapital-brief-c-quadrat-impact-asset-management-i-am-loans-35m-to-8-countries-via-dual-return-vision-microfinance-funds/
Did you know that MicroCapital publishes the MicroCapital Monitor newspaper each month? Find out more at https://www.microcapital.org/products-page/.
Similar Posts:
- MICROCAPITAL BRIEF: Impact Asset Management’s Dual Return Vision Microfinance Funds Issue Loans to MFIs in Ecuador, Georgia, Kyrgyzstan, Paraguay
- MICROCAPITAL BRIEF: Khan Bank Raises $10m in Bond Sale to Vision Microfinance Dual Return Fund to Support Women’s SMEs in Mongolia
- MICROCAPITAL BRIEF: IMBE Using Finbit Technology from L-IFT to Support Child Care Providers in South Africa
- MICROCAPITAL BRIEF: Investors Buy $173m in Equity in Fusion Microfinance of India; IPO Allows Exits by Early Shareholders, Promoters
- MICROCAPITAL BRIEF: DreamStart Labs Adding VisionFund as Preferred Financial Service Provider in Savings Groups App DreamSave
