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
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