Impact Asset Management (I-AM), a unit of Austria’s C-Quadrat Investment Group, recently announced that it disbursed loans totaling USD 10 million during August through its Dual Return Funds to microfinance institutions (MFIs) in seven countries. Although the names of the MFIs and the amounts invested in each have not been disclosed, I-AM does report having invested via the funds in two MFIs for the first time, one each in Kyrgyzstan and Paraguay. Meanwhile, the MFI in Paraguay and others in Ecuador and Georgia are among the funds’ “top investees” during the month.
The Dual Return sub-funds are Vision Microfinance and Vision Microfinance Local Currency. As of July 2023, the sub-funds held assets valued at EUR 679 million (USD 718 million) and EUR 38 million (USD 40 million), respectively.
I-AM, which was founded in the city of Vienna in 2006, “focuses on sustainable investments and microfinance products.” As of December 2022, it reports assets under management totaling EUR 3.5 billion (USD 3.7 billion).
C-Quadrat was founded in 1991 and as of September 2023 has built its portfolio to a valuation of EUR 8 billion (USD 8.5 billion).
By Pranav Agarwal, Research Associate
Sources and Additional Resources
Vision Microfinance news
https://www.visionmicrofinance.com/en/research-news
Dual Return Funds fact sheets
https://www.visionmicrofinance.com/en/investment-products
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 article on I-AM and Dual Return Vision Microfinance
https://www.microcapital.org/microcapital-brief-impact-asset-managements-dual-return-vision-microfinance-funds-lend-to-mfis-in-india-china/
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