The start

In 1968, the concept of Oikocredit was both innovative and controversial. With major world unrest over issues including South Africa's Apartheid and the Vietnam War, church members wanted assurance church investments were promoting peace and positive development.

The idea of an ethical investment channel for churches and related organizations was put forward, with the intention that investments would provide credit to enterprises that support the disadvantaged.

While the concept of loans, instead of charity was a controversial notion for some, the wheels of Ecumenical Development Cooperative Society (then, EDCS) began to turn.

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