C-Quadrat Asset Management recently informed MicroCapital that its Dual Return Vision Microfinance and Dual Return Vision Microfinance-Local Currency funds loaned a total approximately equivalent to USD 45 million during April to unidentified providers of financial services in a range of countries including Cambodia, Nicaragua and Tajikistan as well as – for the first time – Bangladesh.
For example, the Dual Return Vision Microfinance-Local Currency disbursed a cordoba-denominated loan equivalent to USD 1 million to a microfinance institution (MFI) in Nicaragua that primarily issues group loans to women. The MFI also provides health services and adheres to the Smart Campaign principles of the US-based Center for Financial Inclusion.
During the first four months of 2017, the USD retail tranche of the Dual Return Vision Microfinance-Local Currency fund earned a return of 4.66 percent. As of April 2017, the combined assets under management of the Dual Return funds total USD 538 million. C-Quadrat Asset Management is a unit of Austrian fund manager C-Quadrat, which 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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