A unit of Austria-based C-Quadrat Investment, C-Quadrat Asset Management, recently told MicroCapital it has disbursed a loan from its Dual Return Vision Microfinance Fund to an unidentified microfinance institution (MFI) Madagascar. The MFI was founded in 2006 and serves micro-, small and medium-sized enterprises with the dual goals of improving clients’ standard of living and developing the country’s economy as a whole. The institution’s services include loans for solar equipment and water filters as well as agent banking in rural areas. Agent services include deposits, withdrawals, account opening, loan applications and money transfers. The size of the loan from the Vision Microfinance Fund remains confidential.
As of October 2018, the Dual Return Vision Microfinance and Dual Return Vision Microfinance-Local Currency funds hold assets valued at an aggregate of USD 600 million. C-Quadrat Investment 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 Investment
https://www.c-quadrat.com/en/company/history/
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