The growing sector attracts stakeholders with varying motivations. Reports of abusive collection practices in microfinance institutions and over-indebtedness of clients highlight the importance of selecting the right partners, particularly in the Indian state of Andhra Pradesh. These challenges highlight Oikocredit’s mission: to ensure the poor can gain access to safe, financial instruments to build a better life. Oikocredit works closely with the sector to ensure investors cooperate to reinforce the priority of social change.
In 2014 Oikocredit launches an agriculture unit headed from Lima, Peru. The cooperative also diversifies into renewable energy, recruiting a renewable energy financing expert, to source deals across low-income countries. More
Oikocredit gains a new Managing Director when David Woods takes the reins as the year begins. More
2012 is declared the United Nation's International Year of Cooperatives, while Ben Simmes is appointed Oikocredit’s Managing Director. More
Oikocredit becomes a founding signatory of the Principles for Investors in Inclusive Finance (PIIF). More