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OIKOCREDIT IN RUSSIA Pontus Engström, CFO Mission Covenant Church of Sweden [email protected]
Oikocredit is present in 80 countries
Oikocredit is one of the world’s largest sources of private funding to the microfinance sector, reaching 29 million people (86% are female clients).
Investment policy Oikocredit provides financing to: • Projects and small and medium sized enterprises that
create jobs and income for disadvantaged people • Projects where women are influential in management and/
or implementation • Projects that are responsible in terms of their
environmental impact • Projects that are financially sustainable, or can soon
become so, and have suitable management in place
14 project partners in Russia (outstanding portfolio: RUB 350 million) Client Sector Loan Size RUB Clients Percentage
of women
Forus Financial services 117,000,000 73%
Rezerv Credit consumer cooperative
5,000,000 Micro-entrepreneurs in Tomsk region
Sibirsky Credit
Credit consumer cooperative
15,000,000 Micro-entrepreneurs in Tomsk region
Astrakhan "Narodny Credit”
Regional Credit Consumer Cooperative
30,000,000 Providing rural cooperatives with loans, savings etc.
Garant Credit Agricultural Credit Consumer Cooperative
10,000,000
NBD Bank Financial services 40,000,000
Chuvashian Credit
Rural consumer credit cooperative
23,000,000 SMEs, farmers, household plot holders and rural consumer cooperatives in Chuvashia
94%
Finca Non-profit financial organization
60,000,000 Inventor of “Village banking” method. Low income entrepreneurs and households
74%
Rezerv – Credit Consumer Cooperative • Founded in 2005 by Mikail Elkov, head of Center for Support of
the Entrepreneurial Activity in Tomsk Oblastj Region • Commercial banks reluctant to go to villages and rural
settlements, and do not serve pensioners and disabled people • Today Rezerv has 17 offices with +50 employees and 17 loan
officers • Despite distance between offices, communication works well, in
particular through the use of Skype • Mission: to provide financial services to its members –
individuals with average and below average or low income with limited or no access to banking products and services. The main purpose is to help these people to improve their living standard, to create their credit histories, and to develop their businesses.
Mrs. Irina Dzhusup Office 8,
Stoloviy pereulok 6, Building 2 Moscow, 121069
Russia Tel. +7 495 697 07 05
[email protected] www.oikocredit.ru
www.rezervtomsk.ru Mr. Mikail Elkov mobile +7 913 821 43 20; email: [email protected]