Strong social and sustainable results for impact investor, Oikocredit
Social investor and worldwide cooperative, Oikocredit, today released its social performance results for 2014. The results reflect data reported by 591 of Oikocredit’s partner organizations.
In 2014, Oikocredit’s microfinance partners reached 37 million borrowers, up 32% from 2013. Of those 37 million microfinance borrowers, 86% were women, 50% living in rural areas and 25% active in agriculture. Oikocredit social performance and credit analysis director, Ging Ledesma, said the results showed Oikocredit’s commitment to social and environmental outcomes. “In 2014, we focussed on growing our outreach in low-income countries, particularly to rural and female borrowers,” Ms Ledesma explained. “Over the next two years we’d also like to see over half of all our production and services partners holding a ‘green’ classification”, added Ms Ledesma.
In 2015, Oikocredit will continue its approach of reaching more clients and monitoring the changes in the lives of people reached.
Read the full press release here