During June and July, 18 microfinance institutions (MFIs) in 14 countries closed on new loans totaling the equivalent of USD 45 million from the Dual Return Vision Microfinance Funds, which are managed by C-Quadrat Asset Management. C-Quadrat, a member of Austria-based CQ Investment Group, tells MicroCapital that the MFIs have “a strong focus on their social mission, customer protection, transparency and community involvement.” Most of the institutions are active in the Smart Campaign, a client-protection initiative of the US-based nonprofit Center for Financial Inclusion. The names of the MFIs and their locations remain confidential.
As of August 2019, the Dual Return Vision Microfinance and Dual Return Vision Microfinance-Local Currency sub-funds hold assets valued at an aggregate of USD 615 million. The CQ Investment Group, which was founded in 1991, manages EUR 9.5 billion (USD 11 billion) in assets as of 2019. It has operations in 20 countries in Eurasia.
By the MicroCapital Team
Sources and Additional Resources
Information provided directly to MicroCapital by C-Quadrat
Center for Financial Inclusion home page
https://www.centerforfinancialinclusion.org/
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