MICROCAPITAL BRIEF: Dual Return Funds Managed by C-Quadrat Loan $17m to Microfinance Institutions (MFIs) in Costa Rica, Ghana, India, Kenya, Mexico, Peru, the Philippines

Austria-based C-Quadrat Asset Management recently issued loans worth the equivalent of USD 17 million to unspecified microfinance institutions (MFIs) in Costa Rica, Ghana, India, Kenya, Mexico, Peru and the Philippines. Approximately USD 700,000 of this total was invested in an MFI in Accra, Ghana, that provides micro-, small and medium-sized enterprises (MSMEs) with savings, international money transfer and credit products, including financing for electric generators and online banking. The MFI has also implemented unspecified “measures to prevent…over-indebtedness.”

C-Quadrat Asset Management’s Dual Return Vision Microfinance Fund and Dual Return Vision Microfinance Fund Local Currency were created in 2006 and report combined assets of USD 417 million under management as of the end of September 2016. C-Quadrat Asset Management is a unit of Austrian fund group C-Quadrat, which manages assets equivalent to EUR 5.3 billion (USD 5.9 billion) as of May 2016.

By Michelle Dold, Research Associate

About C-Quadrat Asset Management GmbH

C-Quadrat Asset Management GmbH is an Austria-based provider of investment and advisory services in microfinance. The firm’s Dual Return Vision Microfinance Fund and Dual Return Vision Microfinance Fund Local Currency were created in 2006 and report combined assets of USD 417 million under management as of the end of September 2016. Formerly known as Absolute Portfolio Management GmbH, C-Quadrat Asset Management is a unit of Austrian fund group C-Quadrat, which manages assets equivalent to EUR 5.3 billion (USD 5.9 billion) as of May 2016.

About Dual Return Vision Microfinance Fund & Dual Return Vision Microfinance Fund Local Currency

The Dual Return Fund and Dual Return Fund Local Currency are sub-funds of Vision Microfinance, all of which were created in 2006 by C-Quadrat Asset Management GmbH (formerly known as Absolute Portfolio Management GmbH), an Austrian investment company with a focus on microfinance in developing countries. As of September 2016, the funds’ annual labels were renewed by the Luxembourg Fund Labeling Agency (LuxFLAG), an organization that investigates whether investment vehicles actually support the microfinance sector. The Dual Return Fund and Dual Return Fund Local Currency report combined assets of USD 417 million under management as of the end of September 2016.

Sources and Additional Information:

[1] Information provided to MicroCapital directly by C-Quadrat Asset Management

[2] MicroCapital Universe Profile: C-Quadrat Asset Management GmbH

[3] MicroCapital Universe Profile: Dual Return Vision Microfinance Fund & Dual Return Vision Microfinance Fund Local Currency

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