Oikocredit grows total portfolio by 23%, reaches record investments in Africa

Oikocredit grows total portfolio by 23%, reaches record investments in Africa

23 March 2016

Amersfoort, the Netherlands, 23 March 2016

Global impact investor, Oikocredit, today announced its results for the full year ended 31 December 2015, passing a historic € 1 billion milestone in total assets and recording exponential growth in Africa while progressively diversifying into renewable energy.

Results highlights include:

  • Net consolidated result of € 15.4 million
  • Total assets of € 1 billion
  • Development financing portfolio up 23% to € 900.2 million
  • Financing in Africa up 52%, totalling € 158.1 million
  • Disbursements up 24%, to € 419 million
  • € 1.7 million in capacity building engagements
  • Record € 102 million net inflow of lendable funds
  • Proposed 2% dividend

With a portfolio of 809 partner organizations across 69 countries, 2015 proved to be another successful year for Oikocredit, meeting its financial, social and environmental goals. Oikocredit’s investors will share in its net result of € 15.4 million, with € 15 million proposed as dividend.

Oikocredit’s focus areas for development financing in 2015 remained inclusive finance, agriculture, renewable energy and Africa. The cooperative experienced record growth in Africa, with the portfolio up 52% from 2014 to € 158.1 million in 2015. This was a result of strategic investments and lending in the priority region, particularly to agricultural enterprises and financial institutions. Africa now represents 18% of Oikocredit’s € 900.2 million total development financing portfolio, making its Africa portfolio one of the largest among its peers.

As smallholder farmers are among the world’s lowest-income earners, Oikocredit remained focused on increasing its investments in agriculture, particularly in East Africa and Latin America. The agriculture portfolio grew to € 113.3 million in 2015, up 39% from € 81.6 million the previous year. This increase was driven by both loans and equity investments to small and medium enterprises.

Last year was the cooperative’s first full year with a dedicated renewable energy unit, which made strategic investments in the sector, growing Oikocredit’s portfolio to € 15.9 million.

Oikocredit managing director, David Woods, said the cooperative had closed its 40th anniversary year by meeting all of its targets. “Forty years ago we were one of the first social investors to invest in microfinance. We now see that sector maturing, however we want to continue to break new ground by pioneering once again through business development and in new areas such as renewable energy,” said Woods.

Surpassing one billion euros

In 2015, Oikocredit also surpassed € 1 billion in total assets, a historic milestone for the cooperative which has grown substantially in the past five years. Oikocredit also achieved record levels of disbursements, up 24% to € 419 million in 2015.

Oikocredit remained committed to providing training and support to its partner organizations, carrying out 140 capacity building engagements, totalling € 1.7 million. These initiatives include technical assistance to build strength and resilience such as management skills training for farmers and financial education for micro entrepreneurs.

In 2015, net inflow of net lendable funds reached € 102 million, up significantly from € 81.5 million in 2014. This record amount reflects a growing interest in ethical investing and the loyalty of Oikocredit’s existing investors.

“Last year we published our 2020 strategy, which underlines our growth ambitions, including doubling our development finance portfolio in Africa,” said Woods. “In 2016, we will remain committed to growing a quality, diversified portfolio which delivers on our social, environmental and financial goals,” added Woods.

Download our infographic 'Oikocredit in 2015'

Oikocredit is a worldwide cooperative and social investor, providing funding to the microfinance sector, fair trade organizations, cooperatives and small to medium enterprises. Oikocredit is privately financed through the investments of 51,000 individuals and organizations. Oikocredit offers a positive triple bottom line to investors: social, environmental and financial.

« Back