The 70s

In EDCS’s (Oikocredit) first decade, the organization faced difficulties as it tried to gather enough church investments to begin its operations.The idea of lending to organizations which helped the poor gradually gained support, and by the end of the decade, EDCS had invested in its first projects: one in India, and one in Ecuador. Oikocredit still operates in both countries today.

1979

Queen Juliana, 1979 EDCS receives a royal boost with a start-up grant from Queen Juliana of the Netherlands. More

1978

Vellore, India, 1978 EDCS disburses its first loans of USD 100,000 to Fondo Ecuatoriano Populorum Progresivo (FEPP) in Ecuador and USD 200,000 to Vellore Medical College and Hospital in India. More

1977

Adrian Wijemanne, at the 1978 AGM EDCS (Oikocredit) becomes independent of the WCC and its first Managing Director, Adrian Wijemanne from Sri Lanka, is appointed. More

1976

Oikocredit Netherlands, the first support association Individual church members in Europe start to show their belief in Oikocredit EDCS. More

1975

Cyril Bennet, 1975 Oikocredit EDCS becomes a legally incorporated entity in the Netherlands, with Cyril Bennett as interim managing director. More

1974

Lighting the candles, WCC 1968 At a meeting in West Germany, the World Council of Churches (WCC) Central Committee officially recommends the WCC to become a founding member of Ecumenical Development Cooperative Society (EDCS), today known as Oikocredit. More

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