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

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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
https://reporting.impact-am.eu/Monatsupdate_Allgemein/VMF_Info/EN/VMF_Market_Commentary_052022_EN.pdf

A Puhunan homepage
https://onepuhunan.com.ph

Homepage Vision Microfinance
https://www.visionmicrofinance.com

I-AM home page
https://www.impact-am.eu

MicroCapital’s previous file on dual return funds
https://www.microcapital.org/microcapital-brief-impact-asset-management-disburses-15m-from-dual-return-funds-to-microfinance-institutions-in-7-countries

Previous Brief from MicroCapital on One Puhunan
https://www.microcapital.org/microcapital-brief-fmo-lending-3m-philippines-microfinance-institution-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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