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Ireland
SearchWhat does Oikocredit do to ensure it does not support MFIs with unacceptably high interest rates?
- When selecting project partners, often MFIs, we ask them to provide us with the annual interest rate on their main financial product (or the product(s) which constitutes 30% of their portfolio). Using our network of partners and field staff, we compare the interest rates to the standard range of similar groups in the region. With this information, we can determine whether the interest rate is acceptable.
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In 2008, Oikocredit began to use the Social Performance Indicators tool: an audit instrument much like a financial audit. It assesses the social performance of an organization by evaluating their intentions and actions, and shows whether a particular project partner is reaching the people it intends to reach and whether its procedures, products and services are in line with its mission.
Investment possibilities depend on the legal and regulatory situation for your country. The answers to the questions below are subject to laws in the country in which the offers are made. For more information, click here.
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