C-Quadrat’s Dual Return Vision Microfinance Funds Loan USD 22 Million in Burkina Faso, China, Colombia, El Salvador, Paraguay, Sri Lanka

Date: 
16 Dec 2016
Source: 
MicroCapital

Austria’s C-Quadrat Asset Management informed MicroCapital this week that its Dual Return Vision Microfinance and Dual Return Vision Microfinance-Local Currency funds loaned a total approximately equivalent to USD 22 million during November to unspecified microfinance institutions (MFIs) in Burkina Faso, China, Colombia, El Salvador, Paraguay and Sri Lanka.

USD 5.5 million of this total was disbursed to a Colombian MFI that was founded in 1986 to support low-income female entrepreneurs. According to C-Quadrat, the MFI has a “sustainable business model” and “actively participates in community initiatives and supports the rehabilitation of public spaces such as sport facilities.”

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