What measures is Oikocredit taking?

Concrete measures:                

• Oikocredit field staff in 33 offices around the world will share our concern with the microfinance partners and seek actions to mitigate or prevent over-indebtedness.
• In countries where Oikocredit finances MFIs and competition is increasing, staff will contact leading national and international organizations and networks. The negative consequences of competition can only be effectively solved through agreements on a national level and joint initiatives.
• Oikocredit will contact other socially oriented investors to collaborate in tackling this issue.
• With these measures, Oikocredit aims at stimulating dialogue among institutions and investors commited to poverty alleviation and the prevention of over-indebtedness.

In general:

• When selecting MFI partners, we carefully assess their social impact and closely monitor their operations.
• Oikocredit has signed the Client Protection Principles. Read more on CGAP's Client Protection Principles: http://www.oikocredit.org/site/en/doc.phtml?p=news-events&index=433