C-Quadrat Asset Management, an arm of Austrian fund manager C-Quadrat, recently informed MicroCapital that its Dual Return Vision Microfinance funds in May issued a loan in Myanmar for the first time. In sum during the month, the Dual Return Vision Microfinance and Dual Return Vision Microfinance-Local Currency funds loaned a total approximately equivalent to USD 34 million to unidentified providers of financial services in Cambodia, Costa Rica, Mongolia, Kyrgyzstan, Tajikistan and other countries.
The microfinance institution (MFI) in Myanmar, which was originally launched by an international NGO, offers deposits and group loans in five regions of the country. C-Quadrat Asset Management states, “The MFI’s portfolio quality is very high… [and it has] implemented very good procedures [relating to] social performance.”
As of June 2017, the combined assets under management of the Dual Return funds total USD 560 million. C-Quadrat manages assets equivalent to EUR 5.3 billion (USD 5.9 billion) as of 2016.
By The MicroCapital Team
Sources and Additional Resources
Information provided directly to MicroCapital by C-Quadrat [http://c-quadrat.com/].
MicroCapital: Vision Microfinance Funds Loan $9m in Ecuador, Honduras
https://www.microcapital.org/microcapital-brief-vision-microfinance-funds-loan-9m-ecuador-honduras/
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