Oikocredit seals partnership with Fortune Credit as European Microfinance Award selects Kenyan MFI as finalist
First Oikocredit loan to Fortune Credit coincides with European Microfinance Award’s shortlisting of Kenyan microfinance institution for 2023 prize.
Oikocredit has provided an € 800,000 first-time loan to Fortune Credit just as the Kenyan inclusive finance organisation’s innovative work has earned it a place in the European Microfinance Award 2023 final.
This new partnership marks a significant step in advancing economic empowerment in rural Kenya and underscores Oikocredit's commitment to fostering sustainable development in Africa. Fortune Credit provides inclusive access to savings, credit, insurance and more for rural Kenyan micro-businesses, smallholder farmers and low-income households.
The European Microfinance Award organisers have announced Fortune Credit as one of three finalists for the 2023 award for Inclusive Finance for Food Security and Nutrition. The € 100,000 prize winner will be announced on 16 November during European Microfinance Week.
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- 05 October 2023 - Oikocredit seals partnership with Fortune Credit as European Microfinance Award selects Kenyan MFI as finalist
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