MICROCAPITAL BRIEF: MFIs in Asia, Central America Borrow $10m from C-Quadrat’s Dual Return Vision Microfinance Funds

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 10 million to unidentified microfinance institutions (MFIs) in Guatemala, India, Kazakhstan, Nicaragua and Sri Lanka during August.

One of the borrowers is a non-bank financial institution in Sri Lanka that provides group and individual loans to micro-, small and medium-sized enterprises in rural areas. The MFI also provides scholarships, builds bio gas plants and hosts financial literacy training.

As of August 2017, the combined assets under management of the Dual Return Vision Microfinance and Dual Return Vision Microfinance-Local Currency funds total USD 618 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.

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