Two microfinance institutions (MFIs) – one in Bolivia and one in Vietnam – recently borrowed a total of USD 11.5 million from the Dual Return Vision Microfinance fund, an offering of C-Quadrat Asset Management, which is a unit of Austrian fund manager C-Quadrat. The identities of the MFIs and the amount each borrowed remain confidential. C-Quadrat Asset Management did tell MicroCapital that the Bolivian MFI has “exemplary” client-protection practices, including a financial literacy training program. The MFI was founded in the 1980s and is planning to apply for a banking license to expand the range of products it offers to micro-, small and medium-sized enterprises.
As of January 2018, the Dual Return Vision Microfinance and Dual Return Vision Microfinance-Local Currency funds hold assets valued at a total of USD 689 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
Background on C-Quadrat
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