Oikocredit committed to client welfare

Oikocredit committed to client welfare

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U-IMCEC client Aby Ndao

14 June | 2013

Oikocredit today released its social performance results for 2012. The results reflect data reported by over 634 organizations, reaffirming the commitment of Oikocredit’s partners to social goals and performance.

At 31 December 2012, Oikocredit's development financing portfolio was € 530 million, with € 420 million invested in microfinance and the remainder in social enterprises including fair trade and agricultural cooperatives.

Through Oikocredit’s microfinance partners, 28 million people were reached in 2012. Of the total number of microfinance borrowers, 24% were agricultural, 56% lived in rural areas and 84% were women.

In the coming year, Oikocredit will continue its social performance management strategy in selecting new partners as well as assisting existing partners to build capacity and perform both financially and socially.

Oikocredit will continue its strategic focus on Africa, agriculture and inclusive finance in 2013, as well as measuring, monitoring and reporting outcomes at client levels.

Read the full press release

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