SearchMajor Investment by Providence Health & Services
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29-05-2007
USA - Seattle - Providence Health & Services invests in Oikocredit The Investment Committee of Providence Health & Services, a catholic hospital network present in five states, unanimously voted to invest $1,900,000 in Oikocredit.
Ms J. Sue Painter, System Director - CIO/Treasurer of Providence Health& Services: "The mission of Providence Health Services is to reveal God's love for all, especially the poor and vulnerable. Our core values of respect, compassion, and justice are so harmonious with Oikocredit's mission to promote global justice, Providence Health &Services felt compelled to make this investment. We are excited about the opportunity to assist Oikocredit in some small way in its endeavors to reduce global poverty and look forward to becoming one of Oikocredit's partners in these important and necessary efforts." Oikocredit has over 27,000 members worldwide (institutional investors and individual investors through support associations). At the end of April, Oikocredit reached around 586 project partners with a total capital outstanding of $ 304.5 million.
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