40 million people reached in 2016 by organisations financed by Oikocredit

40 million people reached in 2016 by organisations financed by Oikocredit

Tuesday 27 June 2017

Social impact investor Oikocredit’s latest Social and Environmental Performance Report shows 84 per cent of those reached were women

Darjeeling Organic Tea Estates Private Limited (DOTEPL) purchases and restores abandoned tea estates in the regions of Darjeeling and Assam in northeast India, where workers have often been left abandoned by the former owners.27 June 2017, Amersfoort, the Netherlands – Social investor and worldwide cooperative Oikocredit funded inclusive finance organisations reaching 40 million people last year, 84 per cent of which were women.

The results, released today, are part of a suite of outcomes indicators published in Oikocredit’s latest Social and Environmental Performance Report.

Inclusive finance represented 78 per cent of Oikocredit’s € 1,047 million development financing portfolio in 2016. The remainder was invested in organisations focused on agriculture — including 85 fair trade organisations — and renewable energy. 

Oikocredit has also reported on new environmental indicators. In 2016 projects supported by Oikocredit provided clean energy for approximately 5,400 households and avoided 6,960 tonnes of CO2.

Thos Gieskes, Oikocredit’s managing director said: “With over forty years of experience Oikocredit is uniquely positioned to help address long-standing disparities, promote fair trade and support the transition to a low-carbon economy.

“Oikocredit is committed to rigorous outcomes measurement and has an innovative, integrated approach to development financing. We believe in creating financial return through solid commitment to social and environmental goals.”

Read the full report: www.oikocredit.coop/publications/social-performance-reports

About Oikocredit

Oikocredit has over 40 years’ experience in development finance, funding partner organisations active in inclusive finance (including microfinance), agriculture and renewable energy. Through its loans and investments Oikocredit aims to support partner organisations in helping low-income people to sustainably improve their living standards. Oikocredit finances more than 800 partners in almost 70 countries and its outstanding capital totals
€ 1.05 billion. www.oikocredit.coop

Note to editors:

For more information, please contact Ulrike Haug, communications manager, Oikocredit International: telephone: +31 6 25 65 53 75 or email: uhaug@oikocredit.org

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