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Why Support Associations?

Oikocredit Canada’s Support Associations are groups of volunteers whose members are engaged in promoting Oikocredit’s mission. Volunteer associations are part of a long-standing tradition in Oikocredit’s work. In addition to being active volunteers for Oikocredit, Support Associations are members of the Oikocredit International co-operative.

Oikocredit has two Support Associations in Canada – Oikocredit Canada and Oikocredit Canada Atlantic. Click on the regions to learn more about how you can get involved in your local Support Association.

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Oikocredit invests in affordable housing finance provider Sitara in India

Oikocredit invests in affordable housing finance provider Sitara in India

sitara.PNGMarch 21 | 2019

Oikocredit has made an equity investment of INR 670 million in affordable housing finance company Sitara together with Omidyar Network india, HDFC Life Insurance, HDFC Holdings Ltd. and Women’s World Banking to foster inclusion and equality in the Indian home loans sector.

Sitara (SEWA Grih Rin Limited) uses an innovative system of alternative collateral to help under-served and low-income households in urban and peri-urban locations access affordable housing. The company has a special focus on advancing the land rights of women.

Currently operating in seven regions throughout India, Sitara will use Oikocredit’s investment to strengthen its position in existing areas and strategically expand into other states.

Shruti Gonsalves, MD & CEO at Sitara, said: “Millions of families living in the urban space rely on the unorganised sector for a living, and they continue to remain financially excluded from formal banking systems due to tenuous land tenure rights. We are thrilled with this investment as we will get the opportunity to further scale SEWA Grih Rin Ltd’s [Sitara] operations.”

Read more about the investment on Sitara’s website >

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Oikocredit Canada Support Association
c/o Centre for Social Innovation
192 Spadina Avenue (Suite 300)
Toronto ON M5T 2C2
workT: 1-647-546-2393