Oikocredit Canada to Wind Down Operations

Oikocredit Canada to Wind Down Operations

29 November 2023

Oikocredit Canada, a Canadian non-profit organisation, announced today the wind down of its operations in Canada. This decision by its board of directors marks the end of more than 40 years of successful operations in Canada, effective Dec 31,2023. Oikocredit Canada has played an active role in the impact investing space as a Support Association of Oikocredit International, a pioneering social impact investor and worldwide cooperative.

“We’re proud of Oikocredit’s Canada’s legacy,” noted Julie Scott, chair of the Oikocredit Canada Board of Directors . “We built a world-class team and board, launched an innovative educational webinar series together with Oikocredit US, and published rigorous market research. Demand for impact investing is growing exponentially, with extraordinary potential to channel capital from Canada to make a difference in low-income countries.”

For nearly four decades, Oikocredit Canada has worked with individual investors, faith groups and donors. Oikocredit Canada, like other Support Associations of Oikocredit International, was also a shareholder and member of the cooperative. Support Associations mobilize volunteers to promote Oikocredit’s mission, build communities and encourage global learning about how to combat poverty. Oikocredit International’s operations are unaffected by our decision to wind down and will continue to meet the needs of local institutions serving low-income people in the Global South. Continue to learn more on the on-going activities, investments and impact. Join the newsletter:  HERE 

About Oikocredit Canada
Oikocredit Canada Support Association, led by a volunteer board of directors,  carries out Oikocredit International's grass roots education and outreach initiatives. These include representing Oikocredit at local events, as well as mounting webinars, workshops and annual meetings to educate the public about investment and development, and Oikocredit's work around the world.

About Oikocredit International
Social impact investor and worldwide cooperative Oikocredit has five decades of experience funding organizations active in financial inclusion, agriculture and renewable energy. Oikocredit’s loans, equity investments and capacity building aim to enable people on low incomes in Africa, Asia and Latin America and the Caribbean to improve their living standards sustainably. Oikocredit finances over 500 partners, with total outstanding capital of € 1.02 billion as of September, 2023. (www.oikocredit.coop)


Contact information:

Vaishali Dassani

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