Letter from our managing director
Thursday 20 March 2014 Dear valued stakeholders,
With 2014 well under way, it’s a good time to look back on our achievements in the year that’s passed. Last year was my first full year with Oikocredit and it was a fulfilling and educational experience.
Positive results
We ended 2013 on a high note, with the outstanding portfolio increasing by 11% to € 591 million. Approvals and disbursements increased, and the overall quality of our portfolio improved. We also witnessed a record inflow of € 80 million in net lendable funds. Throughout 2013, we remained committed to improving social performance management and supporting partners through 130 capacity building initiatives.
What’s ahead for 2014?
In 2014, we will be focussing on Africa, agriculture and inclusive finance, with the plan to grow our outstanding portfolio by 10%. With the agriculture unit having formally begun its operations in January, we will focus on financing all aspects of the agricultural value chain. We will also be diversifying into new sectors such as renewable energy.
Thank you for your commitment and contribution to Oikocredit in 2013 and I look forward to the year ahead.
Kind regards,
David Woods
Managing director
