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Results for 2023: Oikocredit ambitious to achieve more

Results for 2023: Oikocredit ambitious to achieve more

CARA-UK-077 (1).jpg10 April | 2024

Oikocredit has published its Annual Report and financial statements for 2023 – a year of successful transitions, portfolio growth, social impact and a positive financial result.

Oikocredit came through 2023 in good shape, successfully implementing two major transitions: full execution of the 2022-2026 community-focused strategy and the replacement of shares with participations as the new investment product.  

The cooperative achieved growth in its development financing portfolio of credit and equity; generated a positive net financial result; increased the number of financial inclusion clients, women, smallholder farmers and rural communities reached through partnerships; supported the provision of clean renewable energy to more households; built its community-focused portfolio; and supported partners in improving their environmental, social and governance performance.  

As anticipated, Oikocredit lost some member organisations and investors during its capital-raising transition, but most chose to stay. The first three Oikocredit Live interactive online events took place, which are open to all with an interest in our work, and we organised a study tour to India. 

Mirjam ‘t Lam, Oikocredit’s Managing Director, said: “Oikocredit performed well in 2023. The need for sustainable impact and investment in lives, livelihoods and communities in emerging economies is immense and growing. We have the strategy and capabilities to continue advancing social impact investing and helping people with low incomes build resilience.” 

Read the Annual Report 2023

Watch Gwen van Berne, Oikocredit's Director Finance & Risk, and Dave Smit, Oikocredit's Director Impact Investment, talk about the key highlights of the year 2023 below.

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