Oikocredit, a Dutch cooperative investment fund, recently appointed Mr David Woods as Managing Director of the fund, following the retirement of former managing director Mr Ben Simmes. Mr Woods’ appointment is effective as of January 1, 2013. Mr Woods previously worked for ABN AMRO, a Dutch bank, and held leadership positions in several financial organizations in the United Arab Emirates.
As of year-end 2010, Oikocredit reported USD 900 million in total assets invested in 70 countries. Of its 790 active investees at that time, 596 were microfinance institutions (MFIs).
By Charlotte Newman, Research Associate
About Oikocredit
Oikocredit is a Dutch cooperative investment fund comprised of church groups, cooperatives and individual investors. Established in 1975, it works in 70 countries, investing mainly in microfinance institutions (MFIs), as well as trade cooperatives, fair trade organizations and small and medium-sized enterprises (SMEs) in the developing world. As of year-end 2010, Oikocredit reported USD 900 million in total assets and 790 active investees, of which 596 were MFIs.
Sources and Additional Resources:
Oikocredit Press Release: “David Woods to Begin as Managing Director Oikocredit,” http://www.oikocredit.org/en/publications/press/press-releases/david-woods-to-begin-as-managing-director-oikocredit
MicroCapital.org story, March 12, 2012, “MICROCAPITAL BRIEF: Freedom from Hunger, Oikocredit to Implement Health Protection through Microfinance Institutions in Ecuador, Peru,” https://www.microcapital.org/microcapital-brief-freedom-from-hunger-oikocredit-to-implement-protection-through-microfinance-institutions-in-ecuador-peru/
MicroCapital.org story, November 11, 2011, “MICROCAPITAL BRIEF: Sustainable Enterprise Fund, Oikocredit, Grace Foundation Invest in Barefoot Power to Support Renewable Energy in Remote Indian Communities,” https://www.microcapital.org/microcapital-brief-sustainable-enterprise-fund-oikocredit-grace-foundation-invest-in-barefoot-power-to-support-renewable-energy-in-remote-indian-communities/
MicroCapital Universe Profile: Oikocredit
http://microcapital.org/microfinanceuniverse/tiki-index.php?page=Oikocredit
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