Oikocredit Releases 2011 Social Performance Report of 500 Microfinance Institutions
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Oikocredit Releases 2011 Social Performance Report of 500 Microfinance Institutions

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Oikocredit Releases 2011 Social Performance Report of 500 Microfinance Institutions PR Newswire STOCKHOLM, June 15, 2012 STOCKHOLM, June 15, 2012 /PRNewswire/ -- The Full Picture: 500 MFIs Report Social Data for 2011 Close to 500 microfinance institutions around the world have reported social performance data to

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Oikocredit Releases 2011 Social Performance
Report of 500 Microfinance Institutions
PR Newswire
STOCKHOLM, June 15, 2012
STOCKHOLM
,
June 15, 2012
/PRNewswire/ --
The Full Picture: 500 MFIs Report Social Data for 2011
Close to 500 microfinance institutions around the world
have reported social performance data to private
microfinance investor Oikocredit. The data, to be
released today in
Stockholm, Sweden
, reflects the
organization's dedication to prioritising microfinance
clients by advancing the analysis of social goals.
The report draws on 2011 data submitted by 495 of Oikocredit's microfinance
partners - a 20% jump in data participation since data collection began in 2008.
"With this many partners reporting social and financial performance data,
Oikocredit has one of the most comprehensive social databases among
microfinance investors," says Oikocredit director social performance Ging
Ledesma.
"The data shows our partners are increasingly committed to client-oriented
practices. For example, the number of partners that have developed
environmental policies and client satisfaction surveys has dramatically
increased in the past two years."
At the close of 2011, Oikocredit's total development portfolio was € 520 million,
with € 410 million in microfinance and the remainder in social enterprises like
fair trade and agricultural cooperatives. Almost 26 million people were reached
through the microfinance partners: a majority of which are small MFIs each
serving less than 10,000 clients. The 2011 data showed 53% of MFI clients were
living in rural areas, and 83% were female. While Oikocredit's portfolio spans
every continent, it holds a steady presence in
Africa
with 15% of its total
portfolio in the region - a figure that is double the industry average.
Oikocredit hosted over 100 workshops and introduced a programme to 'mentor
the mentors' throughout 2011 in an effort to increase client-focus among
partners. As a direct result of these initiatives, the number of partners
endorsing the Client Protection Principles increased, and many more partners
underwent social ratings when compared with 2010.
In the coming year, Oikocredit will continue to work directly with partners to
integrate their social and financial focus, while fine-tuning its own data
collection to monitor changes over time.
"Some partners who have been assisted in the use of the Progress out of
Poverty Index, a poverty measurement tool, are beginning to track changes in
clients' lives over a period of years, so more in-depth reporting on that is
expected in 2013," said Ms Ledesma.
"Measuring impact continues to be a challenge but we firmly believe that by
supporting MFI partners in social performance, they can achieve a genuine
client-centred approach in their daily practice."
Oikocredit
Oikocredit is a social investor and worldwide cooperative that promotes global
justice by empowering disadvantaged people with credit. Since 1975, Oikocredit
has offered loans and investment capital to microfinance institutions,
cooperatives, fair trade and other businesses. Today, Oikocredit has 896
partners in almost 70 countries. For more information, visit
http://www.oikocredit.org.