C-Quadrat Asset Management, a unit of Austria-based C-Quadrat Investment, disbursed a total of USD 9 million during April from its Dual Return Vision Microfinance Fund to microfinance institutions (MFIs) Costa Rica, Ecuador and Indonesia. Although the identities of the MFIs and the amount each borrowed remain confidential, C-Quadrat Asset Management tells MicroCapital that the Indonesian MFI has “strong client protection principles, increased community engagement and promotes gender empowerment.” In addition, “The company has an overwhelming proportion of employees that are women, which is not very common in Indonesia.” Founded in 2006, the MFI operates on the island of Java.
As of April 2018, the Dual Return Vision Microfinance and Dual Return Vision Microfinance-Local Currency funds hold assets valued at an aggregated total of USD 659 million. C-Quadrat Investment manages EUR 10 billion (USD 12 billion) in assets as of 2017.
Sources and Additional Resources
Information provided directly to MicroCapital by C-Quadrat Asset Management
Background on C-Quadrat Investment
https://www.c-quadrat.com/en/company/history/
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