Oikocredit increases investments in low-income countries
Oikocredit today released its social performance results for 2013, which reflect data reported by over 608 Oikocredit partner organizations.
At 31 December 2013, Oikocredit's development financing portfolio was € 591 million, with € 483 million invested in microfinance and the remainder in social enterprises including fair trade organizations, cooperatives and agricultural enterprises.
Through Oikocredit’s microfinance partners, 28 million people were reached in 2013. Of the total number of microfinance borrowers, 81% were women and 24% active in agriculture.
Investments in low-income countries (GNI per capita ≤ US$1,035) increased to € 94 million in 2013 from € 78 million in 2012, with € 41 million invested in Africa and € 52 million in Asia.
In 2014, Oikocredit will continue to ensure that partners deliver real benefits to low-income earners and their communities.