Enda InterArab and Oikocredit

1
Enda InterArab and Oikocredit Building up a
partnership Barbara MarcussenMicrofinance
officer OIKOCREDIT
2
Oikocredit Institutional profile

• Leading private international financer of
  Microfinance institutions
• 30 yrs of experience in development financing
• Privately funded (26,000 socially responsible
  members)
• Portfolio of USD 396.6 million
• Decentralized local representations in 29
  countries
• Active in 53 countries More than 580 projects
• Expansion to MENA region
• ENDA first partner in MENA
• 5-yr Local currency loan TND 2 mln (app. USD 1.5
  mln).

3
What was determinant for Oikocredit?

• Matched several of our criteria such as
• Social commitment
• Mission objectives Benefit disadvantaged
  poor entrepreneurs
• Focus on women
• Environmental concerns
• Clear needs for funding
• Operational Financial Performance
• Pioneer and leading MFI
• Good performance indicators (OSSgt135), Adequate
  MIS
• Rating Reports (B, B),
• Committed and experienced management
• Excellent portfolio quality
• Clear strategic plan

4
What Oikocredit could offer

• A variety of financial products designed to meet
  ENDA needs
• Loan conditions adapted to Institutions profile
  and credit history
• Local and/or combined currency loans
• Floating and fixed interest options
• Medium to long-term loans
• Potential strategic partnership in Equity

5
Why Oikocredit gives loans not grants

• Structure of Oikocredit
• Private Cooperative Society
• Redeemable shares
• Dividend to shareholders
• Structure of MF sector
• Maturity and sustainability
• Responsibility and self-reliance
• Focus on specific needs (Technical assistance,
  start-up)
• What does a loan mean?
• loans create partnerships
• Partnerships based on trust and recognition