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Company Response

15 Dec 2022


Oikocredit's response to alleged links of investment to negative social impacts in Cambodia's microfinance


Oikocredit International is aware that a complaint against the cooperative is raised with the National Contact Point for implementing the OECD Guidelines in the Netherlands. The complaint is raised by three non-government organisations LICADHO, Equitable Cambodia and FIAN Germany.

Oikocredit International will fully cooperate with the National Contact Point and provide all the necessary information…

Oikocredit’s goal as an investor in microfinance is to sustainably improve the quality of life of low-income people by supporting our partners in their provision of responsible and inclusive financial services. We provide our partners with capacity building and training where needed. We also support activities related to capacity building and training on responsible finance.

We, therefore, take any reports of potential unethical behaviour by our partners very seriously.

As an investor in Cambodia’s microfinance sector, our channel of influence and positive impact is with our carefully selected partners. We have investigated and will investigate any allegations of unethical practices with our partners…

Oikocredit welcomes a wider stakeholder dialogue, including key stakeholders in Cambodian microfinance, i.e. the MFIs – including our partners – the Cambodia Microfinance Association, the lenders to the sector, the Credit Bureau of Cambodia, and the National Bank of Cambodia. We believe that by engaging and working with all stakeholders, we will be able to contribute to positive steps towards improving the microfinance sector in Cambodia…

[The full response is attached]