Such were the beginnings of Oikocredit, born amidst the political unrest of the 1970s. The cooperative was initiated by the World Council of Churches who wanted a socially responsible investment channel that would enable organisations and individuals to invest their money for positive development – an idea that was radical for its time.
From these early roots, Oikocredit has become one of the oldest and largest sources of social investment in the world, although it remains relatively young in the UK and Ireland.
Oikcredit's mission is to challenge all to invest responsibly by providing financial services and technical support to enterprises in the developing world that improve the quality of life of low-income people and communities in a sustainable way.
Global and UK Social Investor Networks
But Oikocredit is not alone. It is part of a growing global movement and belongs to a wide-reaching network that collectively represent environmental and social investors in the UK and across the globe in order to address the many challenges we face as a civilisation including poverty, climate change and rural, youth and female economic empowerment.
The organisations and networks to which Oikocredit belongs include CTBI, ECCR, ETHEX, EUROSIF, GAEIA, GBAV, GIIN, FINCA, INAISE, INVESTING ETHICALLY, PIRG, Financial Inclusion UK, UKSIF, Women in Social Finance, ClearlySo, The SSX, Fair Finance Scotland and many others...