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Oikocredit and Solidaridad sign new partnership to strengthen community development

Oikocredit and Solidaridad sign new partnership to strengthen community development

Solidaridad.jpgTuesday 31 October 2023

Collaboration aims to amplify partners’ impact by working together for a more equitable and sustainable world.

Social impact investor Oikocredit and global civil society organisation Solidaridad have signed a new partnership aimed at helping build resilient communities among low-income smallholder farmers in the Global South.

Under a new memorandum of understanding, Oikocredit and Solidaridad are joining forces to seek opportunities and raise funds to expand their collaboration begun earlier in 2023 in Guatemala on unlocking capital for underserved small and growing enterprises and supporting climate-smart business models and access to climate finance. The partners will combine strengths in countries where they work to develop local community support projects and programmes using pooled resources augmented with external joint financing.

Solidaridads contribution will draw on their successes in micro, small and medium enterprise development, collaboration and engagement with cooperatives and farmer communities, innovative knowledge and skills transfer, provision of inclusive services to small-scale producers and entrepreneurs, and promotion of market connections and transparent business models. 

Oikocredit will contribute direct debt and equity financing, linkages to inclusive financial service providers, and support for environmental, social and governance performance. 

Read the full press release here

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