On September 30, 2010 ECLOF International became a member of the ACT Alliance. ACT Alliance was formed on January 1, 2010, bringing together more than 100 churches and church-related organizations from 65 countries. Members of the Alliance work together for positive and sustainable change in the lives of people affected by poverty and injustice through coordinated and effective humanitarian, development, and advocacy work.
Oikocredit and ECLOF are two children of the same family: the ecumenical movement. While ECLOF dates back to 1946, Oikocredit was founded in 1975. Oikocredit is one of the world’s largest sources of private funding to the microfinance sector. Oikocredit lends working capital to microfinance institutions (MFIs) all over the world. In turn, the MFIs dispense life-changing loans to the poor and disadvantaged, with a special emphasis on rural areas and women.