Updates and Events
An Update from Oikocredit WPSA
Dear Oikocredit Member, Investor, Friend:
We at Oikocredit Western Pennsylvania Support Association (WPSA) want to provide you with additional information related to investing in Oikocredit, to supplement what you received from the national and international offices.
One goal of Oikocredit is to give churches and individuals a way to invest their assets in ways consistent with their values. For a number of reasons, the Oikocredit USA and Pennsylvania note programs are being discontinued. Information about the wind-down of these programs for current investors is available on the Oikocredit USA website: http://www.oikocreditusa.org
There are three options for how funds can currently be invested in Oikocredit and work to alleviate global poverty while serving as a financially sound investment. The first option is probably the most relevant:
- Individuals and churches can purchase a “Community Investment Note” targeted at Oikocredit from Calvert Foundation. Minimum investment is $1,000. The prospectus and application form are available on the website: http://www.calvertfoundation.org/oikocredit
Contact information: 800.248.0337 Email: email@example.com
- Accredited investors according to US law, with a high net worth or income, can invest in the Oikocredit International Share Foundation. Information is available on the Oikocredit International website: http://www.oikocredit.coop/invest/invest-via-the-oikocredit-international-share-foundation
Inquiries can be made by contacting Leonard Sprik at: firstname.lastname@example.org
- Institutions or groups can become voting members of Oikocredit International Cooperative. More information is available on the Oikocredit International website. http://www.oikocredit.coop/invest/membership-of-the-cooperative
By the end of 2016 we expect to have a way to invest in Oikocredit for churches and faith-based institutions via a denominational foundation. We will contact you with this information when it becomes available.
We hope that in the future there will be additional ways you can continue to have your investments support credit for the world’s poorest in a financially sound and efficient manner. Some options being developed are a savings account with FDIC insurance and specifically-targeted crowd-funding.
You could also consider using some of your funds as a tax-deductible donation to the WPSA Share Fund which is directed to Oikocredit shares. This money will directly further Oikocredit’s mission in reaching low-income earners.
To donate: write a check to Oikocredit WPSA and mail it to the address below.
As a Support Association, we have been educating people about how Oikocredit, as a worldwide cooperative and social investor, provides funding to the microfinance sector, fair trade organizations, cooperatives, and small to medium enterprises. This funding empowers low-income earners to realize a better future for themselves and their families. Oikocredit provides more than just financing; it provides capacity building to help partner organizations acquire knowledge, improve planning, and strengthen governance. Oikocredit has developed a model of development financing that makes certain our lending practices bring lasting benefits to our clients.
Oikocredit Western Pennsylvania Support Association will continue to support Oikocredit through education about sustainable development and communication with our members. Thank you for your generous response to the call to love our neighbors. We hope you will continue to use your funds to alleviate global poverty. If you have any questions or need assistance with your investment, please contact us.
Charlotte E. Lott
Oikocredit Western Pennsylvania Support Association
116 S. Highland Ave.
Pittsburgh, PA 15206
P.S. Current Board Member Katie Haas attended the Oikocredit Annual General Meeting in June. To follow what happened, check out our blog.
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