Oikocredit has been active in Africa since the 1970s. It has 15% of its portfolio there and is continuing to expand its outreach on the continent.
Oikocredit in Africa
There are activities in 21 African countries and over 10 offices throughout Africa. In 2014, Oikocredit approved loans and investments to many new and existing partners in Africa which totalled € 80 million. Most of these partners are MFIs, cooperatives and SMEs.
Oikocredit’s lending in Africa has focused primarily on agriculture, however savings and credit cooperatives are central to the work in Africa. They meet the needs of many rural people who would otherwise be financially excluded.