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News tagged as "Oikocredit"
April 6, 2015

Oikocredit records solid financial results while preparing for its 40th anniversary

Tags: microfinance, Oikocredit, financial and social performance | by David Díaz de Quijano i Barbero.

In 2014 Oikocredit recorded a net consolidated result of € 17.1 million, up from 2013 €13.4 million in 2013, which entails an increase of 28% over the previous year, and is a great motivation for adding up to the celebration of the organization's 40th anniversary this coming year. 

Oikocredit managing director, Mr David Woods, said the results were testament to a sound business model that balances social, environmental and financial goals. “In 2014 we were well positioned to diversify into new sectors as well as strengthen our operations which in turn lowered our risk profile,” said Mr Woods.

With a portfolio of 805 partner organizations across 63 countries, Oikocredit continued its strategic investment focus on inclusive finance, agriculture and renewable energy in 2014, that according to Woods generated immediate results. Furthermore he added that a "plus" approach was taken to development financing to provide the partner organizations with resources to responsibly grow their businesses. 

In the last 40 years Oikocredit has financed 1.670 MFIs and social enterprises and disbursed €2100 millions in development financing, of which more than half have been disbursed in the last 5 years. It is precisely the observation of the behaviour of last year's growth tendencies what motivated Mr. Woods to point out that “In the next five years we see ourselves as being the most socially responsible impact investor in the world, with a true mix of social, environmental and financial goals" and to add that social performance would remain a priority, with a focus on impact studies to assess the long-term benefits of social financing, while staying true to our social mission. 

Read here the full press release on Oikocredit's 2014 financial results>

Initiative financed by: Initiative financed by AECID
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