Description of Oikocredit, microfinance, and Oikocredits activities in Russia.

1. OIKOCREDIT IN RUSSIA
Pontus Engström, CFO
Mission Covenant Church of Sweden
pontus.engstrom@missionskyrkan.se

2. Oikocredit is present in 80 countries
Oikocredit is one of the world’s largest sources of private funding to
the microfinance sector, reaching 29 million people (86% are
female clients).

3. Investment policy
Oikocredit provides financing to:
• Projects and small and medium sized enterprises that
create jobs and income for disadvantaged people
• Projects where women are influential in management and/
or implementation
• Projects that are responsible in terms of their
environmental impact
• Projects that are financially sustainable, or can soon
become so, and have suitable management in place

4. 14 project partners in Russia
(outstanding portfolio: RUB 350 million)
Client Sector Loan Size RUB Clients Percentage
of women
Forus Financial services 117,000,000 73%
Rezerv Credit consumer 5,000,000 Micro-entrepreneurs in Tomsk
cooperative region
Sibirsky Credit consumer 15,000,000 Micro-entrepreneurs in Tomsk
Credit cooperative region
Astrakhan Regional Credit 30,000,000 Providing rural cooperatives
"Narodny Consumer Cooperative with loans, savings etc.
Credit”
Garant Credit Agricultural Credit 10,000,000
Consumer Cooperative
NBD Bank Financial services 40,000,000
Chuvashian Rural consumer credit 23,000,000 SMEs, farmers, household plot 94%
Credit cooperative holders and rural consumer
cooperatives in Chuvashia
Finca Non-profit financial 60,000,000 Inventor of “Village banking” 74%
organization method. Low income
entrepreneurs and households

5. Rezerv – Credit Consumer Cooperative
• Founded in 2005 by Mikail Elkov, head of Center for Support of
the Entrepreneurial Activity in Tomsk Oblastj Region
• Commercial banks reluctant to go to villages and rural
settlements, and do not serve pensioners and disabled people
• Today Rezerv has 17 offices with +50 employees and 17 loan
officers
• Despite distance between offices, communication works well, in
particular through the use of Skype
• Mission: to provide financial services to its members –
individuals with average and below average or low income with
limited or no access to banking products and services. The
main purpose is to help these people to improve their living
standard, to create their credit histories, and to develop their
businesses.

6. Client: Mr. Pavel Khomich – logging and
processing of wood

7. www.rezervtomsk.ru
Mr. Mikail Elkov
mobile +7 913 821 43 20;
email: vasilissan@mail.ru
Mrs. Irina Dzhusup
Office 8,
Stoloviy pereulok 6, Building 2
Moscow, 121069
Russia
Tel. +7 495 697 07 05
idzhusup@oikocredit.org
www.oikocredit.ru