"It is great news that the churches have given official recognition to Oikocredit, the fair finance cooperative that invests directly in disadvantaged communities", said Simon Barrow, co-director of the religion and society think tank Ekklesia today.
He added: "What is really needed is more money channeled through the agency. As the global credit crunch bites, it is the poorest communities who are most vulnerable. Oikocredit offers a way of maximising the impact of small investments and opening up fresh economic avenues. It is a really important way to make a difference, and one that is open to people of all faiths and simply 'good faith', as well as Christians."
"Globally, Oikocredit’s microfinance partners alone reach 12.2 million people with loans for development. The need is greater than ever as demand for fair finance keeps growing year-on-year."
For information about how you can help or make a small investment, write to Patrick Hynes: email@example.com