A little local money goes a global way

By Simon Barrow
November 29, 2007

A long-standing practical scheme for financially backing community initiatives and economic development among those on the margins of the global system is being promoted in Britain.

The organisation concerned was originally established in 1975 through the World Council of Churches. So it's not a new kid on the block. On the contrary it has a proven track record. Oikocredit is a socially responsible investment opportunity promoting global justice by converting investments into credits. It aims for high social impact and sustainable development. Individuals and churches can invest in the scheme.

In the UK, Oikocredit is establishing a new base of operation. It has worked in cooperation with Shared Interest. Now the website gives you information about how to invest in UK pounds. You can download a UK prospectus and application form and also get information about projects which show how the money is used. You can be assured your pounds will be invested well because Oikocredit is a cooperative controlled by its own members. If you have questions, please contact the Oikocredit UK Representative, or your local support association.

This is an imaginative and practical way of investing in a different, fairer future. Oikocredit already has 27,000 investors worldwide, and needs more, especially in Britain.

Ekklesia will be giving what backing it can to Oikocredit. Watch this space. Or better still, get in touch with them and invest in change-making.

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