Community Development Banking List
03-16-2012, 01:46 PM
Original message from: sharshar25be@yahoo.com
Â*
FOR IMMEDIATE RELEASE
Â*
2011 FIGURES: OIKOCREDIT SHOWS ITS STRENGTH IN DIVERSITY
Amersfoort, 13 March 2012- Oikocredit has concluded another year of solid return for its investors and partners, demonstrating its strength in a diverse portfolio.
Â*
2011 proved a positive year for Oikocredit - one of the world’s largest private microfinance financiers. There was an 8% increase in money in the field, as Oikocredit’s development finance portfolio reached $674 million - up from $623 million in 2010. Through 896 partners, Oikocredit financing gave over 26 million people access to fair finance, economic opportunity and community development.
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Investors demonstrated their commitment to development finance by providing Oikocredit with a net capital inflow of $52 million. In total 2,000 new investors joined, bringing the number of investors worldwide to 45,000. Investors will share in Oikocredit’s final 2011 result of $20.6 million, with $12.6 million (2% on member capital) to be proposed as dividend.
Â*
Despite challenges in microfinance in the Indian state of Andhra Pradesh, Oikocredit’s total portfolio remained strong because of its diverse investments in agriculture, trade and microfinance in almost 70 countries.
Â*
Client welfare a top priority
Â*
Oikocredit aims to achieve positive social change in the lives of poor entrepreneurs and client welfare remains a priority. Throughout 2011, Oikocredit also supported over 100 capacity building interventions to enable partners to improve operations and enhance their social mission. Building on the success of last year’s activities, Oikocredit will allocate almost $630,000 from its net income for 2011 to reinforce capacity building support to partners.
Â*
Growth in Africa
Â*
The past year saw Oikocredit gain more ground as an investor in Africa. Oikocredit’s African portfolio remains well above the industry average for social investors of 5% (Symbiotics 2011 MIV Survey Report) with 15% of our portfolio – $97 million – invested in 17 African countries. Oikocredit forged 50 partnerships with African organizations last year, and staffed offices in Nigeria and Mozambique. Operations started in Rwanda, and throughout 2012, Oikocredit plans to undertake market surveys in Cameroon, Madagascar and Malawi.
Â*
Outlook 2012
Â*
In the coming year, Oikocredit will continue to work closely with its partners to deliver positive social change and access to financial products and services. Next to a further expansion in Africa, Oikocredit aims to increase its equity portfolio and financing of agricultural projects.
Â*
About Oikocredit
Oikocredit is a cooperative financial institution that offers loans or investment capital to MFIs, cooperatives, fair trade organizations and small-to-medium sized enterprises (SMEs) in the developing world. Oikocredit offers a dual return to its investors: financial and social. In addition to earning modest financial returns, investors are secure in the knowledge that their money is being used to fight poverty, promote fair trade and respect our planet’s natural resources.
Â*
As a responsible investor, Oikocredit supports the adoption of client protection and transparent pricing principles, and encourages poverty assessment by its investees and project partners. In recognition of its strong commitment to environmental, social, and governance (ESG) standards, Oikocredit was awarded CGAP’s inaugural ESG award in October 2010. In 2011, Oikocredit joined the United Nations Principles for Investors in Inclusive Finance as an inaugural signatory, reaffirming its commitment to expanding access to affordable and responsible financial products and services for poor and vulnerable populations.
Â*
Oikocredit USA, the American office, offers a variety of investment opportunities from $20 and up with a maximum return of 2 percent.Â* Oikocredit USA distinguishes itself from socially responsible investment funds by supporting the full range of income-generating projects for and by disadvantaged people.
Â*
# # #
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More information
Press contact Oikocredit International: Kawien Ziedses des Plantes, kziedsesdesplantes@oikocredit.org, +31 (0)6 272 549 04.
Press contact Oikocredit USA: Sharlene Brown, usa@oikocredit.org, +1 202 728 41 40
www.oikocreditusa.org
www.oikocredit.org
Â*
Â*
Â*Â*Â* Â*Â*Â*Â*Â*Â*Â*Â*
Â*
Â*
________________________________
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If you are not the intended recipient, please notify the sender and delete and/or destroy this message and any attachments immediately.
It is prohibited to copy, distribute, disclose or use this e-mail and any attachments in any other way.
Oikocredit does not accept any responsibility or liability for any damage resulting from the content of and/or the transmission of this message.
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This is an unmoderated discussion group andÂ*US SIFÂ*takes no responsibility for the accuracy of information or the opinions in postings to this listserv. Opinions expressed are purely those of the originator of each message, with the exception of officialÂ* US
SIF organizational communications. PostingsÂ*to theÂ*group are not to be forwarded without the permission of the writer.
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You are currently participating as: sbrown@oikocredit.org
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Â*
FOR IMMEDIATE RELEASE
Â*
2011 FIGURES: OIKOCREDIT SHOWS ITS STRENGTH IN DIVERSITY
Amersfoort, 13 March 2012- Oikocredit has concluded another year of solid return for its investors and partners, demonstrating its strength in a diverse portfolio.
Â*
2011 proved a positive year for Oikocredit - one of the world’s largest private microfinance financiers. There was an 8% increase in money in the field, as Oikocredit’s development finance portfolio reached $674 million - up from $623 million in 2010. Through 896 partners, Oikocredit financing gave over 26 million people access to fair finance, economic opportunity and community development.
Â*
Investors demonstrated their commitment to development finance by providing Oikocredit with a net capital inflow of $52 million. In total 2,000 new investors joined, bringing the number of investors worldwide to 45,000. Investors will share in Oikocredit’s final 2011 result of $20.6 million, with $12.6 million (2% on member capital) to be proposed as dividend.
Â*
Despite challenges in microfinance in the Indian state of Andhra Pradesh, Oikocredit’s total portfolio remained strong because of its diverse investments in agriculture, trade and microfinance in almost 70 countries.
Â*
Client welfare a top priority
Â*
Oikocredit aims to achieve positive social change in the lives of poor entrepreneurs and client welfare remains a priority. Throughout 2011, Oikocredit also supported over 100 capacity building interventions to enable partners to improve operations and enhance their social mission. Building on the success of last year’s activities, Oikocredit will allocate almost $630,000 from its net income for 2011 to reinforce capacity building support to partners.
Â*
Growth in Africa
Â*
The past year saw Oikocredit gain more ground as an investor in Africa. Oikocredit’s African portfolio remains well above the industry average for social investors of 5% (Symbiotics 2011 MIV Survey Report) with 15% of our portfolio – $97 million – invested in 17 African countries. Oikocredit forged 50 partnerships with African organizations last year, and staffed offices in Nigeria and Mozambique. Operations started in Rwanda, and throughout 2012, Oikocredit plans to undertake market surveys in Cameroon, Madagascar and Malawi.
Â*
Outlook 2012
Â*
In the coming year, Oikocredit will continue to work closely with its partners to deliver positive social change and access to financial products and services. Next to a further expansion in Africa, Oikocredit aims to increase its equity portfolio and financing of agricultural projects.
Â*
About Oikocredit
Oikocredit is a cooperative financial institution that offers loans or investment capital to MFIs, cooperatives, fair trade organizations and small-to-medium sized enterprises (SMEs) in the developing world. Oikocredit offers a dual return to its investors: financial and social. In addition to earning modest financial returns, investors are secure in the knowledge that their money is being used to fight poverty, promote fair trade and respect our planet’s natural resources.
Â*
As a responsible investor, Oikocredit supports the adoption of client protection and transparent pricing principles, and encourages poverty assessment by its investees and project partners. In recognition of its strong commitment to environmental, social, and governance (ESG) standards, Oikocredit was awarded CGAP’s inaugural ESG award in October 2010. In 2011, Oikocredit joined the United Nations Principles for Investors in Inclusive Finance as an inaugural signatory, reaffirming its commitment to expanding access to affordable and responsible financial products and services for poor and vulnerable populations.
Â*
Oikocredit USA, the American office, offers a variety of investment opportunities from $20 and up with a maximum return of 2 percent.Â* Oikocredit USA distinguishes itself from socially responsible investment funds by supporting the full range of income-generating projects for and by disadvantaged people.
Â*
# # #
Â*
More information
Press contact Oikocredit International: Kawien Ziedses des Plantes, kziedsesdesplantes@oikocredit.org, +31 (0)6 272 549 04.
Press contact Oikocredit USA: Sharlene Brown, usa@oikocredit.org, +1 202 728 41 40
www.oikocreditusa.org
www.oikocredit.org
Â*
Â*
Â*Â*Â* Â*Â*Â*Â*Â*Â*Â*Â*
Â*
Â*
________________________________
This e-mail and any attachments are confidential and solely intended for the addressee.
If you are not the intended recipient, please notify the sender and delete and/or destroy this message and any attachments immediately.
It is prohibited to copy, distribute, disclose or use this e-mail and any attachments in any other way.
Oikocredit does not accept any responsibility or liability for any damage resulting from the content of and/or the transmission of this message.
This email message has been delivered safely by Mimecast.
For more information please visit http://www.mimecast.com ('http://www.mimecast.com')
________________________________
---
This is an unmoderated discussion group andÂ*US SIFÂ*takes no responsibility for the accuracy of information or the opinions in postings to this listserv. Opinions expressed are purely those of the originator of each message, with the exception of officialÂ* US
SIF organizational communications. PostingsÂ*to theÂ*group are not to be forwarded without the permission of the writer.
---
To reply to the sender, click "reply"; to reply to the full list click "reply all".
You are currently participating as: sbrown@oikocredit.org
To unsubscribe, click here: Unsubscribe
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