Oikocredit seals partnership with Fortune Credit as European Microfinance Award selects Kenyan MFI as finalist
05/10 First Oikocredit loan to Fortune Credit coincides with European Microfinance Award’s shortlisting of Kenyan microfinance institution for 2023 prize.
Oikocredit has provided an € 800,000 first-time loan to Fortune Credit just as the Kenyan inclusive finance organisation’s innovative work has earned it a place in the European Microfinance Award 2023 final.
This new partnership marks a significant step in advancing economic empowerment in rural Kenya and underscores Oikocredit's commitment to fostering sustainable development in Africa. Fortune Credit provides inclusive access to savings, credit, insurance and more for rural Kenyan micro-businesses, smallholder farmers and low-income households.
The European Microfinance Award organisers have announced Fortune Credit as one of three finalists for the 2023 award for Inclusive Finance for Food Security and Nutrition. The € 100,000 prize winner will be announced on 16 November during European Microfinance Week.
Archive > 2023 > October
- 31/10 - Oikocredit and Solidaridad sign new partnership to strengthen community development
- 23/10 - Cresol cooperative’s loan helps Brazilian smallholders Silvio and Ivete replant their coffee farm
- 05/10 - Oikocredit seals partnership with Fortune Credit as European Microfinance Award selects Kenyan MFI as finalist
- 03/10 - USD 26.5 million to bridge energy gaps in sub-Saharan Africa
