Oikocredit is an internationally active credit cooperative with head office in Amersfoort NL. A goal of Oikocredit is development promotion by granting of credit at cooperatives and enterprises of disadvantaged humans in developing countries as well as mobilization of church and private capital for such projects.

History

The development cooperative Oikocredit at that time still became 1975 on initiative of the advice of the churches under the English designation Ecumenical development Cooperative Society (abbreviation: EDCS) based with the goal of the mobilization of church reserves for development promotion. The basic beginning of the linkage of development promotion by credits with a werthaltigen Investment encountered initially skepticism also on the part of church financial and development experts. After 30 years Oikocredit has itself however to an internationally recognized organization of the development financing and with 200 millions euro to one the largest ethicalally - ecological unit trust fund of Europe develops. 2004 assigned current credits to Oikocredit at 400 business partner inside in 33 countries.

Criteria of the granting of credit

- economic and social use for groups of disadvantaged humans

- Width participation structures in particular also of women

- Ecological compatibility

- Economic load-carrying capacity

Promoted sectors of the economy

52% financialintermediate, which assign micro credits

12% food processing

16% agriculture, cattle breeding and fishery

7% trade, also trade fair in particular

4% producing trade

4% health service and education

4% other

1% housebuilding and real estates.

Organization and function

Regional managers advise potential business partner inside locally, compile with them a financial programme and place a credit request against the head office. After permission they accompany the project during the entire course of the project.

The head office approves credit requests, supervises the payment river, makes central available services for the regional places and makes international public work.

On time the selected supervision-prominent executive committee consists of international development experts, who conceive the strategic adjustment and which meeting of the members as highest resolution organ of the cooperative submit.

Members and thus financial sources of Oikocredit are churches and church organizations, promotion circles, development organizations and successful project partners, which have a voice in accordance with the principles of a cooperative independently of the portion capital in each case. Over promotion circles (predominantly in Europe) take part private people, church municipalities and groups with investments of funds. Promotion circles make on trust portion administration for its members, public work and in the dialogue with other Nichtregierungsorganisationen education work of development policy. Over 20.000 private investors 80% of the capital of Oikocredit place. In the German-speaking countries exist 11 promotion circles, which maintain a Pressestelle in Oikocredit DACHS

Statistics

• Portion capital: 203,5 million "€
• Financial source:

81.0% 24,000 individuals

16.0% 497 churches and church organizations

2.7% 54 banks, development organizations, donations

0.3% 38 business partner inside

• Operating cost: 2.2% (portion of the sum of the active)
• Coworker: 101

All instructions conditions 31 December 2004

Evaluation of the work

Oikocredit strives for independent evaluation of the use of development policy of the credits and has over it exemplary investigations in order given"…

Literature

• Leonel Roland, A Ship into the Mountains, Poverty, projects and development, Montevideo 2001 ISBN 9974-39-312-4
• Hbner, does property and talks about it! - Micro credit programs as example of a lasting organization of the global financial market - ethical analyses and economic perspectives, in: round-look, 54. Jg., number 3, July 2005 ISSN 0029-8654 (an economiceconomics evaluation of Oikocredit contains)

Related links

• Website of Oikocredit

Articles in category "Oikocredit"

We found here 1 articles.

Related Websites

We found here 6 related websites.

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