Oikocredit Canada Newsletter
March 2020

Oikocredit News and Updates


Message from the Chair: Coming together on finding new approaches towards sustainable development and impact investing

Oikocredit Canada Board Chair Abhishek Bhasin shares opportunities for Canadians and Canadian organizations to join our mission to help the marginalized population in the global south.
"We all live in the hope for a better tomorrow which means a stronger need to come together and collaborate". 

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Oikocredit and the novel coronavirus (Covid-19)

As the coronavirus pandemic develops, there is increasing uncertainty about its consequences. We’re seeing lives and livelihoods affected across the world, in both economically rich and poor countries.

Oikocredit is closely monitoring the situation as it evolves. We’re adhering to the public health guidelines issued by the authorities in the countries where we work, keeping the health and safety of our staff a top priority. We have contingency plans in place to deal with major operational events, should they occur.

please contact us if you have any questions, comments or concerns >

We continue to assess the potential effects on Oikocredit’s business activities. We will also continue to monitor the situation with partners and assist them where possible. We’re keeping members and investors informed via our regular communications channels.

Thos Gieskes, Managing Director of Oikocredit, says: “As has been the case over Oikocredit’s 45-year history, our outlook and the support we offer our partners is long-term, and social impact and financial sustainability remains our priority. With our long track record in emerging markets and our local presence we’re confident we’ll be able to continue our work in these uncertain times.”

more on Covid-19 from Thos Gieskes >
ACE is one of the first to offer a pay-as-you-go enabled solar-biomass hybrid cooking stove, capable of charging mobile phones and providing light, whilst utilizing between 50% and 85% less fuel when cooking

Oikocredit supports African Clean Energy (ACE), a Certified B Corporation and social enterprise, to expand operations in Uganda.

The “ACE 1 energy system” pairs thermal and electric generation by using a solar-charged battery to not only give users access to electricity but also to power the ventilator needed to create clean biomass combustion.
According to the World Health Organization (WHO), over 3 billion people worldwide are cooking on open fires or with rudimentary stoves, using non-renewable and polluting fuels. This practice is harmful to health and contributes significantly to deforestation. The WHO says that over 4 million people die prematurely each year due to illnesses associated with household air pollution.

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Oikocredit reports positive results and partner satisfaction

We’re happy to announce that our 2019 results are up! We not only improved our financial performance but also maintained investor confidence and received positive feedback from the organizations we finance, via a recent survey. Stay tuned for our full annual report to be released in April. 

press release >

Join our team!

Call for Applications to the Oikocredit Canada Board of Directors

We are seeking to fill upcoming vacancies on our Board of Directors with persons who are passionate about the vision, mission, and values of Oikocredit. 
Specifically, we are looking for people living in Canada who are available 3-5 hours per week and have experience serving on a non-profit Board of Directors and a professional background in one or more of the following areas:

  • Law
  • Accounting
  • Finance & capital markets
  • Development work and capacity building in emerging & frontier markets

We welcome the opportunity for you to join the Oikocredit community whose mission is to deliver financial services and support organizations to improve the quality of life of low-income people in a sustainable way. 

Please submit a cover letter and resume with the subject line
"Board of Directors Application" to canada@oikocredit.org

The deadline for applications is May 15, 2020


45 Years of Social Impact Investing

"In 2020 Oikocredit will celebrate its 45th anniversary. When Oikocredit was founded in 1975, the concept of impact investing was unknown, and we are proud to have been a catalyst in the exponential growth of this market that’s now estimated to be worth US$ 239 billion1. Today, 45 years on, we remain true to our focus on social impact."
-Thos Gieskes, Oikocredit Managing Director

Follow us on:

Oikocredit Canada Support Association
c/o Centre for Social Innovation, 192 Spadina Avenue (Suite 300)
Toronto ON M5T 2C2
T: 1-647-546-2393