MICROCAPITAL BRIEF: C-Quadrat Impact Asset Management (I-AM) lends $35 million to 8 countries through dual-return vision microfinance funds


Impact Asset Management (I-AM), a unit of Austrian investment group C-Quadrat, recently announced that it has disbursed $35 million to microfinance institutions in Armenia, El Salvador, Panama, Uzbekistan and four others country. Although I-AM did not release the names of the other four countries or any of the borrowers, it did report a recent local currency loan to the Philippine microfinance institution One Puhunan, also known as CreditAccess Philippines.

Founded in 2014, One Puhunan provides loans to small businesses and low-income people, mainly in rural areas and to almost all women. One Puhunan is a unit of CreditAccess SEA, which is registered in the Netherlands and operates in several countries in Southeast Asia. Company financial data is not available.

I-AM made all of these investments via the two Dual Return compartments, Vision Microfinance and Vision Microfinance Local Currency. The various share classes of these sub-funds generated one-month returns of 0.09% to 1.09% in May 2022. In 2021, the funds held assets valued at €677 million ($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 has assets under management totaling 3.4 billion euros ($3.7 billion).

C-Quadrat was founded in 1991 and has since built its portfolio to a valuation of 8 billion euros ($8.7 billion).

By Saulius Simonas Ramanauskas, Research Associate

Sources and additional sources

Vision Microfinance monthly report

A Puhunan homepage

Homepage Vision Microfinance

I-AM home page

MicroCapital’s previous file on dual return funds

Previous Brief from MicroCapital on One Puhunan

Did you know that MicroCapital publishes the MicroCapital Monitor every month? Learn more at https://www.microcapital.org/products-page/.

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