Oikocredit, Ecumenical Development Cooperative Society soemco
Oikocredit, Ecumenical Development Cooperative Society
Oikocredit, Ecumenical Development Cooperative Society (EDCS) or simply “Oikocredit” is one of the largest and most durable development financing ventures in the world, forged by 34 years of ethical investment and meaningful partnerships in the development finance business.
With its vast merchandise of loans, credit lines, guarantees, equity investments, and technical assistance services, and extending to 23 country offices throughout the globe, Oikocredit has continuously explored opportunities to reach out to more of the world’s disadvantaged and marginalized people.
Oikocredit ultimately aims to facilitate meaningful transformation in the lives of the end-users of its resources from positions of vulnerability to socioeconomic security and as much as possible, as community social investors.
Oikocredit explores opportunities to provide relevant financial products and services to cooperatives, fair trade organizations, microfinance institutions, rural banks, small and medium enterprises, and other income generating projects that benefit the poor, are financially sustainable and meet its overall objectives.
At present, Oikocredit Southeast Asia offers 4 types of products:
SOEMCO became a partner of Oikocredit in May, 2010.