Oikocredit continues to achieve social impact through loans and equity investments

Amersfoort, the Netherlands – Social impact investor and worldwide cooperative Oikocredit has today published its Annual Report for 2024, including its consolidated financial statements. The report reflects a year of resilience and renewal as Oikocredit continued to deepen its social impact through strategic investments in financial inclusion, agriculture, renewable energy, and community-focused sectors such as education, housing, and water and sanitation.  

While the organisation achieved strong impact results and solid operating income, the overall financial outcome was moderated by an elevated cost of risk, largely driven by external challenges. 

In a year marked by uncertainty and unpredictability, Oikocredit remained steadfast in its mission to challenge all to invest responsibly and to empower people and communities with low incomes to improve their quality of life. Building on nearly five decades of pioneering cooperative impact investing, the organisation advanced key elements of its 2022–2026 strategy, expanded its development financing portfolio, implemented its new capital-raising model, and further evolved its innovative Client Self-Perception Survey.  

Oikocredit also scaled up its capacity-building efforts and laid the groundwork for its Global Learning for Transformation & Advocacy (GLTA) initiative, deepening its commitment to support low-income communities and partner organisations worldwide. 

Strengthening strategy for the future 

In 2024, Oikocredit undertook a mid-term review of its 2022-2026 strategy. The review affirmed the cooperative’s approach and its continued relevance in promoting action to address social challenges, particularly through gender-focused initiatives and those that build community resilience. It also recognised the need to adjust the strategy to the shifting global landscape, including intensifying climate injustice, economic and political instability, and increasing regulatory demands.  

Despite the significantly increased cost of risk related to Bolivia, Peru and the agriculture portfolio, Oikocredit advanced in growing its development financing portfolio and fulfilling its mission, reaching even more people living on low incomes than before. While these external events led to a negative net result of EUR 8.1 million, the cooperative maintained a solid net asset value (NAV) of EUR 211.74 per participation, well above the nominal value of EUR 200.  

Because of the year’s negative net result, Oikocredit will not be able to pay a dividend for 2024.  

Liquidity remained robust throughout the year, demonstrating Oikocredit’s ability to effectively balance the issuance and redemptions of participations while continuing to grow the portfolio in a sustainable way. Together, these indicators reflect a solid foundation for the future. 

Result highlights 

• Net consolidated result: EUR 8.1 million negative (2023: EUR 1.6 million positive) 

• Operating income: EUR 85.1 million (2023: EUR 59.4 million) 

• Total consolidated assets: EUR 1,147.0 million (2023: EUR 1,156.9 million) 

• Total member and investor capital: EUR 967.0 million (2023: EUR 1,000.8 million) 

• Net liquidity as share of total assets: 14.8% (2023: 11.3%) 

• Net asset value per share (NAV): EUR 211.74 (2023: EUR 214.03) 

• Development financing portfolio outstanding: EUR 1,105.3 million (2023: EUR 1,084.7 million) 

• 487 partners in 52 countries (2023: 540 partners in 52 countries) 

• Capacity building: 151 current and prospective partners benefitted from 64 initiatives valued at EUR 1.4 million (2023: 85 partners; 40 initiatives; EUR 1.0 million) 

• Environmental, social and governance (ESG) partner average score: 72.2% (2023: 71%) 

• 46,361 individual and institutional investors (2023: 48,182)  

Outlook  

As Oikocredit approaches its 50th anniversary in 2025, it is preparing to celebrate half a century of investing in people, communities and a fairer world. As part of its Global Learning for Transformation & Advocacy work, the cooperative and its support associations will launch the Invest in Climate Action campaign, highlighting the negative impact of the climate crisis on low-income communities and promoting solutions to increase communities’ climate resilience such as responsible investments in adaptation and mitigation efforts. Oikocredit will also continue to build strategic partnerships that address the interconnected challenges of climate, gender and socioeconomic inequality.  

Mirjam ‘t Lam, Oikocredit’s Managing Director, said: “Our priorities in 2025 will be to successfully balance impact, risk and return; to continue achieving lasting benefit for partner organisations, people who live on low incomes and their communities, supporting them in building resilience; and to grow our member and investor base while providing a positive financial and social return to all who entrust us with their capital.” 

 More information is available in the Oikocredit 2024 Annual Report at www.oikocredit.org/about-oikocredit/reports. 

About Oikocredit 

Social impact investor and worldwide cooperative Oikocredit has five decades of experience funding organisations active in financial inclusion, agriculture and renewable energy.  

Oikocredit’s loans, equity investments and capacity building aim to enable people on low incomes in Africa, Asia and Latin America to improve their living standards sustainably.  

Oikocredit finances more than 480 partners, with total outstanding capital of EUR 1,105.3 million (at December 2024). For more information, visit www.oikocredit.org.  

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Note for editors 

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