Oikocredit Canada Newsletter
March 2023

Oikocredit International Updates


Oikocredit Strategy 2023-2026

Guided by our mission and vision, our new 2022-2026 strategy has a community-focused approach. This approach will help us achieve even greater social impact and resilience for the communities we serve. 

A changing climate, environmental degradation, natural disasters, and global and local health crises cannot be ignored. We want to empower low-income people to become more resilient in the face of increasing uncertainty.

By focusing on fostering resilience, Oikocredit has an opportunity to make greater impact on low-income communities through our partners. We believe individual resilience is enhanced by achieving greater sustainable resilience at community level.

To strengthen community resilience and advance responsible investing, our new strategy focuses on three main pillars:

• Building a holistic approach to supporting communities

• Nurturing a global impact-making movement

• Facilitating a more direct connection between partners, communities, and members and investors

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An Indonesian food entrepreneur’s journey: Sanah’s story

Indonesia has a vibrant network of women entrepreneurs, but a lack of access to working capital can prevent growth and scaling-up. We celebrate one entrepreneur who has turned Indonesia’s love for krupuk into a thriving business.

Sanah is the end-client of Oikocredit partner Mitra Bisnis Keluarga (MBK), an Indonesian microfinance institute. This non-bank finance company has a significant presence in two of the most populous Indonesian islands, Java and Sumatra, and has 844 branches throughout Indonesia. MKB provides formal and cost-effective financial services through working capital loans solely for women.

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Oikocredit invests US$ 5 million in Yellow to support solar energy in Africa

Oikocredit is providing a loan of US$ 5 million to Yellow, a supplier of pay-as-you-go off-grid solar solutions and appliances in sub-Saharan Africa. With this loan, Yellow plans to bring access to clean energy to tens of thousands low-income households in Malawi, Rwanda, Uganda and Zambia.

Access to renewable electricity will support households in improving their living standards, increasing their earning potential and achieving lives of greater dignity.

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Oikocredit North America News and Updates


Canadian signatories to Climate Action 100+ are failing to vote for climate-related shareholder proposals

Climate Action 100+ (CA100+) – the world’s leading climate engagement initiative – is supposed to be a group of companies dedicated to leading on business and climate change. But according to the new report, several Canadian signatories are failing to vote for climate-related shareholder proposals.

While some members are voting in favour of most climate-related shareholder resolutions, others are consistently voting against them while still benefiting from the “green” label of being a part of CA100+.


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Canadian companies part of growing trend to increasingly report on ESG information

The State of Play study of global practice in sustainability disclosure and its assurance was recently released. The momentum behind enhancing corporate reporting with environmental, social, and governance (ESG) or sustainability information continues—demonstrated by the report findings that 95% of large companies report on ESG and 64% of companies now obtain assurance/verification over some of the information they provided in 2021 (increasing from 91% and 51%, respectively, in 2019).

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Impact Report 2022

Oikocredit published its Impact Report 2022. In this report you can learn about Oikocredit's social impact - how we measure it, and what this looks like in our focus sectors and regions, our capacity building and more

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