Impact Asset Management (I-AM), a unit of Austria’s C-Quadrat Investment Group, recently announced it has disbursed loans totaling USD 12 million to microfinance institutions (MFIs) in seven countries through its Dual Return Funds. MFIs in China and India received “among the highest volumes,” but the other countries have not been announced. The names of the MFIs and the amounts invested in each also 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 of -0.07 percent during September while selected share classes of the Vision Microfinance Local Currency Fund generated returns from -0.35 percent to -0.30 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 monthly commentary
https://www.microcapital.org//wp-content/uploads/2022/VisionMicrofinance/VMF_Market_Commentary_092022_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-mfis-in-albania-georgia-vietnam-borrow-8m-from-c-quadrat-impact-asset-managements-dual-return-vision-microfinance-funds/
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