Oikocredit grows total portfolio by 23%, reaches record investments in Africa
Oikocredit has recorded another set of solid results for the full year ending 31 December 2015, passing a historic milestone of € 1 billion in total assets and recording exponential growth in Africa.
Oikocredit’s focus areas for development financing in 2015 remained inclusive finance, agriculture, renewable energy and Africa. The cooperative grew its Africa portfolio by 52% in 2015 to € 158.1 million.
Oikocredit managing director, David Woods, said the cooperative had closed its 40th anniversary year by meeting all of its targets. “Forty years ago we were one of the first social investors to invest in microfinance. We now see that sector maturing, however we want to continue to break new ground by pioneering once again through business development and in new areas such as renewable energy,” said Woods.
Throughout 2015, Oikocredit remained committed to providing training and support to partners through capacity building engagements which were conducted worldwide.