Oikocredit, a Dutch investor in microfinance institutions (MFIs), has reported capital inflow reached EUR 62.9 million (USD 83.8 million) and total assets grew by 13 percent in 2009 to EUR 537 million (USD 715 million). Oikocredit’s net income in 2009 was up 69 percent from 2008 to EUR 19.3 million (USD 25.7 million), of which EUR 7.4 million (USD 9.9 million) is proposed to be paid as dividends to members.
Tor G. Gull, Managing Director of Oikocredit, said, “Another landmark was reaching EUR 1 billion in cumulative committed loans and investments since Oikocredit began its operations in 1975. I am proud that despite the economic downturn still large numbers of individuals and institutions invested in Oikocredit’s mission to empower poor people.”
By: Christine Chang, Research Associate
About Oikocredit:
Oikocredit is a Dutch cooperative investment fund comprised of church groups, social support groups and individual investors. Established in 1975, it works in 70 countries worldwide, investing mainly in microfinance institutions (MFIs), as well as trade cooperatives, fair trade organizations and small to medium enterprises (SMEs) in the developing world. As of year-end 2009 it had EUR 537 million (USD 715 million) in total assets with 790 active investments of which 543 investments were in MFIs.
Additional Resources:
Oikocredit Press Release: Oikocredit: € 1 billion cumulative investments with social impact, March 25, 2010: http://www.oikocredit.org/site/en/doc.phtml?p=news-events&index=555&title=Oikocredit-1-billion-cumulative-investments-with-social-impact
MicroCapital Universe: Oikocredit: https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Oikocredit
PRESS RELEASE: Microfinance Investor Oikocredit Announces Results of Social Audit, October 19, 2009: https://www.microcapital.org/press-release-microfinance-investor-oikocredit-announces-results-of-social-audit/
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