UK and Ireland News

RSS icon linking to RSS overview

Oikocredit in the Guardian on Renewable Energy

26 August 2016 Investing in off-grid renewables in the developing world: what you need to know full story

Women in Social Finance: Turning good intentions into good money with Oikocredit

30 May 2016 Social finance may only represent 1% of the total available funds on the planet for investment, but it is a rapidly growing sector and one which is fast becoming the natural home of women - Jen Andersson Ltd. full story

In the Guardian: How social investing is helping coffee producers manage climate change

27 May 2016 Honduran coffee farmers are battling leaf rust and chronic drought, but being part of a co-operative, supported by Oikocredit, provides much needed support full story

In the Guardian: How social investing can help farmers prepare for natural disasters

23 May 2016 In 2013, Typhoon Haiyan wiped out banana harvests and flattened trees in just two hours. Today, some vulnerable communities are more prepared for such events thanks to support from social investors. full story

Social Impact Investing has hit – or is about to – its "Hush Puppy" moment

20 May 2016 “The success of any kind of social epidemic is heavily dependent on the involvement of people with a particular and rare set of social gifts” - Gladwell full story

In the Guardian: How social investment is changing the lives of alpaca farmers

19 May 2016 Over the past decade, the effects of climate change have exacerbated the hardships of alpaca farmers in the upper Andes and many increasingly rely on being a member of a cooperative for support. full story

An award in time for Fairtrade Fortnight

COCAF-HN-26.jpg08 March 2016 We are delighted to congratulate one of our coffee partners, Honduras-based cooperative Cafetalera Capucas Ltda (COCAFCAL). This month saw them win the prestigious FLO Fairtrade International Award 2016 for outstanding achievement among farmers, workers, traders and supporters who are driving change and enhancing livelihoods in their communities. full story

Stephen Tomkins of Reform Magazine interviews Oikocredit UK and Ireland

IMAG0983.jpg05 September 2015 Stephen Tomkins talks to the chief executives of Oikocredit and Carers UK, two organisations celebrating major anniversaries full story

Reform Magazine: What is the Greatest Issue Facing Us?

reform_logo2.jpg08 July 2015 Reform asks 12 charities and social enterprises, including Oikocredit, to name the greatest need of our time. full story

Churches Together in England (CTE)- the forefront of sustainable development

Churches Together logo large.png08 July 2015 An article from Oikocredit - a Body in Association of Churches Together in England, 2 July 2015 full story

A partnership raising investment to target poverty & the UN Sustainable Development Goals

London, United Kingdom, 5th April 2017Oikocredit, a world-wide cooperative and leading impact investor, announced today that its United Kingdom and Ireland office raised c. €2m in 2016 with the help of ClearlySo, Europe’s leading impact investment bank. Oikocredit also recently published its international financial results for 2016, revealing a development financing portfolio of €1,047.2 million, up 16% on 2015.

There are estimated to be around 700 million people living in extreme poverty worldwide. One in four lives in rural areas, and 2.7 billion still lack access to the basic financial services they need to grow their own ventures and build their own paths out of poverty. In September 2015, the United Nations launched the global Sustainable Development Goals (SDGs) with a vision to end poverty, ensure prosperity and protect the planet by 2030. There are 17 SDGs and the Sustainable Development Solutions Network estimates that it will cost around $1.4 trillion (£920 billion) each year to meet these development goals.

Oikocredit provides financial services and capacity building support to social enterprise partners that reach financially-excluded communities in around 70 low-income and developing countries, following a triple-bottom line investing approach (people, profit and planet).  Aligned with 16 of the 17 Goals, Oikocredit provides debt and equity investments to over 800 microfinance institutions and SMEs in agriculture, renewable energy and blended infrastructure sectors. With a positive track record spanning 42 years, €1.2 billion under management, and partnerships with organisations such as Divine Chocolate and Cafédirect, Oikocredit helps provide 46 million people with vital finance and technical support. In addition, 86% of those reached are female, and 51% are from rural communities.

Investment for individuals and organisations is by way of depository receipts in the Oikocredit International Share Foundation, which have historically paid an annual dividend.  Over 80% of investors’ capital reaches the field within three months, with a further 15% held statutorily on reserve to provide liquidity. More philanthropic investors can choose to donate their dividend to Oikocredit’s capacity-building fund which helps further de-risk the underlying investment by enhancing the technical skills of partners and their end beneficiaries.  Oikocredit calls this model “FinancePLUS”, and consistently demonstrates how investors’ capital can target the SDGs while generating a financial return.

Monica Middleton, National Director of Oikocredit’s UK & Ireland office, said: “Governments alone cannot deliver the SDGs, so collaboration in the impact investing space is critical if we want to meet these goals 13 short years from now.  We see ClearlySo as being one of the leading lights in impact investing, matchmaking institutional and individual investors with investment opportunities that target some of the biggest challenges we face.“

Further commenting, ClearlySo Investment Manager Jon Wright said: “Oikocredit’s innovative investment solution overcomes many of the barriers associated with impact investment including track record, liquidity, impact reporting and access to large ticket investments in a diversified portfolio.”

Download the article

Ends

Notes to the Editors

About Oikocredit

Established in 1975, Oikocredit invest in more than 800 social enterprise partners across Africa, Asia, Latin America and Central & Eastern Europe.  They prioritise inclusive finance, agriculture, renewable energy and infrastructure sectors to reach the most disadvantaged communities in the world.  Their activities support 16 of the 17 sustainable development goals and they issue Annual Social Performance Reports on social and environmental outcomes alongside their Annual Reports & Accounts.

For the year ending 2016:
* Total assets up 18% to € 1,209.3 million
* Development financing portfolio up 16% to € 1,047.2 million
* Financing in Africa up 19%, totalling € 188.7 million
* 45 capacity building engagements totalling € 490,000
* Net inflow of lendable funds € 94.3 million
* Net consolidated result of € 29.0 million

Proposed 2% dividend

About ClearlySo

ClearlySo is Europe’s leading impact investment bank, working exclusively with businesses and funds delivering positive social, ethical, and/or environmental impact as well as financial return.

Originally founded in 2008, ClearlySo has helped more than 100 clients raise more than £115 million in impact investment from its extensive network of high-net-worth individual and institutional investors.

In addition, ClearlySo ATLAS helps investors assess the social and environmental impact of their venture capital and private equity investments and guides them towards choosing sustainable businesses that deliver long term benefit to people, planet and the bottom line.

ClearlySo is headquartered in London. 

Further Information 

Oikocredit UK Office
E:
uk@oikocredit.org
T:
+44 (0) 330 355 33 00

John Lloyd
ClearlySo Chief Marketing Officer
E: john.lloyd@clearlyso.com
T: 0207 490 9520