OIKOCREDIT IN RUSSIA Pontus Engström, CFO Mission Covenant Church of Sweden pontus.engstrom@missionskyrkan.se

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.

Client: Mr. Pavel Khomich – logging and processing of wood

Mrs. Irina Dzhusup Office 8,

Stoloviy pereulok 6, Building 2 Moscow, 121069

Russia Tel. +7 495 697 07 05

idzhusup@oikocredit.org www.oikocredit.ru

www.rezervtomsk.ru Mr. Mikail Elkov mobile +7 913 821 43 20; email: vasilissan@mail.ru