Provides funding to support SMEs in developing regions.
Oikocredit is a global cooperative and social investor that focuses on providing funding to small and medium-sized enterprises (SMEs) in Africa, Asia, and Latin America. The organization aims to sustainably improve the living standards of low-income people by investing in financial inclusion, sustainable agriculture, and renewable energy. Oikocredit has more than €1.3 billion in assets under management, invested in 674 partner organizations across more than 70 countries worldwide. The capital for these investments comes from individual and institutional investors from 12 countries, including the United States. The organization provides loans, equity investments, and capacity building grants to its partner organizations. While specific project financing amounts are not provided, Oikocredit's focus is on supporting SMEs that contribute to financial inclusion, sustainable agriculture, and renewable energy. Recent examples of financed projects include supporting market vendors in Uganda, basket makers in El Salvador, and carpenters in Vietnam, helping these entrepreneurs expand their businesses and improve their financial security. Oikocredit's criteria for receiving funding include alignment with its focus areas and a commitment to social and environmental impact. The organization seeks a triple bottom line: modest financial return with strong environmental and social impact.