Two microfinance institutions (MFIs) – one in Armenia and one in Kazakhstan – recently borrowed a total of USD 11 million from Austria-based C-Quadrat’s Dual Return Vision Microfinance Fund. The identities of the MFIs and the amounts each borrowed remain confidential. C-Quadrat Asset Management, the unit of C-Quadrat that manages the fund, tells MicroCapital that the Kazakhstani MFI was founded in the 1990s and provides financial literacy materials and workshops to help “potential and existing clients…learn how to handle financial products and be aware of risks and opportunities that are associated with them.”
As of March 2018, the Dual Return Vision Microfinance and Dual Return Vision Microfinance-Local Currency funds hold assets valued at a total of USD 698 million. C-Quadrat 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
https://www.c-quadrat.com/en/company/history/
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