Impact Asset Management (I-AM), a unit of Austria’s C-Quadrat Investment Group, recently announced it has disbursed loans totaling USD 8 million to microfinance institutions (MFIs) in Albania, Georgia and Vietnam through its Dual Return Funds. One of these loans was to an institution in Georgia that the funds had not supported previously. The names of the MFIs and amounts invested in each remain confidential.
The Dual Return sub-funds are Vision Microfinance and Vision Microfinance Local Currency. Selected share classes of the Vision Microfinance Fund generated returns ranging from 0.27 percent to 0.37 percent during August while selected share classes of the Vision Microfinance Local Currency Fund generated returns from -0.03 percent to 0.03 percent. As of 2021, the funds held assets valued at EUR 677 million (USD 734 million).
I-AM, which was founded in the city of Vienna in 2006, “focuses on sustainable investments and microfinance products.” As of December 2021, it reports assets under management totaling EUR 3.4 billion (USD 3.7 billion).
C-Quadrat was founded in 1991 and since has built its portfolio to a valuation of EUR 8 billion (USD 8.7 billion).
By Sheen Gupta, Research Associate
Sources and Additional Resources
Vision Microfinance commentary
https://reporting.impact-am.eu/Monatsupdate_Allgemein/VMF_Info/EN/VMF_Market_Commentary_082022_EN.pdf
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 story on I-AM and Dual Return Vision Microfinance
https://www.microcapital.org/microcapital-brief-c-quadrat-impact-asset-management-i-am-loans-20m-from-dual-return-vision-microfinance-funds-to-mfis-in-8-countries/
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