Oikocredit sold equity investment in Indian microfinance institution Fusion
Monday 19 December 2022 Oikocredit’s investment has supported Fusion’s successful growth into a microfinance provider to more than 2.9 million mainly rural low-income women.
Oikocredit sold its equity shares in Fusion Microfinance Private Limited as part of the Fusion's initial public offering (IPO) of shares on the National Stock Exchange of India.
Oikocredit has provided growth capital for the Indian microfinance institution (MFI) since 2010. Fusion has built a client base of more than 2.9 million low-income women while remaining faithful to its mission of providing economic opportunity. The MFI’s IPO includes Oikocredit’s current minority equity holding and will enable Fusion to increase its capital and outreach.
Exiting from Fusion will allow Oikocredit to deploy our funds with other partners in line with our investment strategy and continue adding value to achieve a positive impact for our target beneficiaries.
Archive > 2022 > December
- 22/12/2022 22/12/2022, 17:03 - Initial statement on the complaint raised against Oikocredit with the OECD Guidelines National Contact Point in the Netherlands
- 21/12/2022 21/12/2022, 11:00 - Creating a sustainable future [video]
- 19/12/2022 19/12/2022, 10:57 - Oikocredit sold equity investment in Indian microfinance institution Fusion
- 19/12/2022 19/12/2022, 10:55 - Oikocredit has sold its equity shares in the public listing of Fusion Microfinance
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- 14/12/2022 14/12/2022, 14:49 - Oikocredit supports smallholder cocoa farmers in Côte Ivoire
- 12/12/2022 12/12/2022, 10:46 - Complaint raised against Oikocredit with the OECD Guidelines National Contact Point in the Netherlands
- 09/12/2022 09/12/2022, 14:40 - Oikocredit looks forward to 2023 and its new capital-raising model
- 07/12/2022 07/12/2022, 16:29 - Oikocredit and I&P take equity stakes in agro-processor Agroserv in Burkina Faso
- 07/12/2022 07/12/2022, 16:25 - Oikocredit and I&P take equity stakes in agro-processor Agroserv in Burkina Faso
- 05/12/2022 05/12/2022, 11:10 - Microfinance addresses the gap: interview with Brij Mohan
- 02/12/2022 02/12/2022, 14:44 - Oikocredit looks forward to 2023 with a new capital-raising model
- 01/12/2022 01/12/2022, 14:02 - Oikocredit invests US$7 million in Solarise Africa to support affordable solar access for businesses in Africa
- 01/12/2022 01/12/2022, 14:00 - Oikocredit invests US$7 million in Solarise Africa to support affordable solar access for businesses in Africa