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Oikocredit functions as a social impact investor and global cooperative, directing capital into financial inclusion, agriculture, and renewable energy. It provides loans, equity, and capacity building to local partners, empowering individuals with low incomes. The organization strengthens community resilience, integrating Climate Smart Solutions and targeted programs to foster sustainable development worldwide.
The genesis of Oikocredit dates to 1975, established through the World Council of Churches' initiative. This followed insights from a 1968 meeting, which recognized the potential to mobilize church reserves for global development. The foundational idea aimed to directly support communities needing financial access and developmental assistance.
Oikocredit's offerings benefit individuals with low incomes and their communities via local partners, also providing ethical investment avenues. The cooperative envisions a just global society where resources are shared equitably and sustainably. It strives to ensure universal access to choices and opportunities needed for a dignified life, driving positive change through mission-aligned investments.
Key people at Oikocredit.
Key people at Oikocredit.
Oikocredit has 6 tracked investments across 6 companies. The latest tracked deal is $14.4M Series C in Sindhuja Microcredit in March 2024.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Mar 30, 2024 | Sindhuja Microcredit | $14.4M Series C | Agustín Vitórica, Oikocredit | — |
| Jan 1, 2024 | Good Nature Agro | $8.5M Series B | — | Global Partnerships, Goodwell Investments |
| Oct 1, 2022 | Tienda Pago | $12.0M Series B | IDC Ventures, Women | Dalus Capital, Ignia Partners, Wayra Hispam, Martin Schrimpff, Accion Venture LAB, Agrega Partners, GR Capital, Kaszek Ventures, QED |
| Dec 28, 2021 | Annapurna Finance | $34.7M Other Equity | — | Accion, Encourage Capital |
| Oct 28, 2021 | Avanti Finance | $15.0M Series A Extension | — | Bill & Melinda Gates Foundation, DR. K R Shroff Foundation, Nomura |
| Dec 19, 2019 | Kaleidofin | $5.1M Series A | Oikocredit | — |