SIEM REAP, Cambodia, June 14, 2013 /CNW/ - Social investor and worldwide
cooperative, Oikocredit, today released its social performance results
for 2012 at the annual general meeting in Cambodia. The social results
reflect data reported to Oikocredit by over 634 organizations,
reaffirming the commitment of Oikocredit's partners to social goals and
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
Through Oikocredit's microfinance partners, 28 million people were
reached in 2012, an increase of 11% from 2011. Of the total number of
microfinance borrowers, 24% were agricultural, 56% lived in rural areas
and 84% were women.
The social performance results showed that 59% of microfinance partners
endorsed the client protection principles in 2012, up from 50% the
previous year. During 2012, 38 partners began using the Progress out of
Poverty Index, taking total number of Oikocredit partners using the
tool to 70.
Positive social results
Oikocredit director social performance, Ms Ging Ledesma, said the
results were positive, showing the continued commitment of Oikocredit's
partners to client welfare.
"The data clearly shows that our partners are reaching their target
clients and more are implementing industry tools that guarantee
improved outcomes for clients," Ms Ledesma said.
Throughout 2012, Oikocredit funded over 100 capacity building
initiatives and began the second phase of its social performance
mentoring programme for microfinance institutions. During the year, the
programme spanned six countries and will be developed in another four
countries in 2013.
Microfinance institutions involved in this programme have reported
changes in policies, operations and improvements in key result areas
such as outreach and portfolio at risk.
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
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.
Ms Ledesma said avoiding client over-indebtedness and maintaining
responsible returns and interest rates charged by partners will
continue to be closely monitored.
"With Oikocredit reaching more partners and countries than other
privately funded investors in the microfinance sector, we look forward
to bringing partners together to share best practices," added Ms
Oikocredit is one of the world's largest sources of private funding to
the microfinance sector, providing credit and equity to small
businesses through microfinance institutions across the developing
world and directly to trade cooperatives, fair trade organizations and
small to medium enterprises.
For further information:
Press contacts: Oikocredit International: Kawien Ziedses des Plantes, firstname.lastname@example.org, +31-(0)6-272-549-04. Oikocredit USA: Sharlene Brown, email@example.com, +1-202-728-41-40. Oikocredit UK & Ireland: Patrick Hynes, firstname.lastname@example.org, +44-(0)1995-602806. Oikocredit Canada: Eugene Ellmen, email@example.com, +1-416-996-2392.