C-Quadrat Asset Management, an arm of Austrian fund manager C-Quadrat, recently informed MicroCapital that its Dual Return Vision Microfinance funds lent a total approximately equivalent to USD 31 million to unidentified microfinance institutions (MFIs) in five Asian countries, Bangladesh, Cambodia, India, Kyrgyzstan and Pakistan, as well as three Latin American countries, Ecuador, Mexico and Nicaragua.
The Ecuadoran MFI has been providing microenterprise loans since the 1990s, largely to rural women. In addition to loans, the MFI provides financial literacy training and health services.
As of September 2017, the Dual Return Vision Microfinance and Dual Return Vision Microfinance-Local Currency funds manage assets valued at a total of USD 624 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: MFIs in Asia, Central America Borrow $10m from C-Quadrat’s Dual Return Vision Microfinance Funds
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