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Weathering the Storm

The past year has confronted humanity with the challenge of the coronavirus pandemic. This virus has pushed an estimated 100 million people into poverty. In response to the crisis, Oikocredit International is supporting partners by understanding their needs and concerns, allowing them to delay and reschedule repayments, and occasionally providing additional liquidity despite the increased risks. Oikocredit has shared advice on business continuity, cash flow, health and safety, and government regulation compliance. It has adapted capacity building programs to function with hardly any in-person meetings. Partners have been brought together online and through webinars to share experience and strategies, and have received financial assistance from the coronavirus solidarity fund.

This unprecedented year has also taught Oikocredit several useful lessons, and cleared the lens through which we look at life and the planet. With renewed determination, Oikocredit will come out of this storm stronger and better. As a worldwide cooperative, we will not weaken in our commitment to use sustainable finance and capacity building to support the empowerment of low-income communities and to help people. Our thoughts are with all who have been affected by this pandemic.

Read the latest coronavirus statement from Thos Gieskes, Managing Director at Oikocredit International, here.

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