Oikocredit is a private 35 year old global Development Financing Institution that responds to the needs of businesses that create income for financially disadvantage people and contribute to the local community development.
Established in 1994, the Regional Office East Africa is based in Kenya. It covers countries like Kenya, Tanzania and Uganda, benefiting many small entrepreneurs and clients
| The question has often been asked these weeks: How is Oikocredit affected by the financial crisis?
“We cannot say that we will never be affected in future as we operate in a global economy”, says Tor G. Gull, managing director of Oikocredit. “So far the crisis however has not affected Oikocredit. The crisis in the financial markets reveals what makes our operations so different from those of regular banks. These differences at least partly explain why the effect of the financial crisis on our operations has so far been minimal”.