RJ Gaudet & Associates LLC was honored to have the opportunity in early 2012 to represent Oikocredit in a $10 million credit line agreement to another Micro-Finance Institution (“MFI”) in support of small businesses and entrepreneurs around the world.  In August 2012, Oikocredit released Facts and Figures about its worldwide operations which you can download at this website.

Roughly 83 percent of Oikocredit’s clients are women, which helps address gender inequality in the developing world.  Read more about Oikocredit at this link.  The Oikocredit Ecumenical Development Cooperative Society was founded in 1975 as a result of a 1968 meeting of the members of the World Council of Churches with the goal “to encourage social justice.”  Its headquarters are in Amersfoort, the Netherlands.  Oikocredit manages 522 million Euros through 864 partners and 26 million clients.  The funds are used to fight poverty, promote fair trade, and respect the planet’s resources.

For the most recent transaction in which he represented Oikocredit, Robert J. Gaudet, Jr. conducted due diligence in accordance with standard practices in the finance industry, drafted the credit line agreement, liaised with the legal and management personnel at Oikocredit, exchanged communications with the counter-party, and provided a legal opinion.  The credit line agreement was based on New York law and the firm cooperated with co-counsel in New York City.  It was the third transaction for which Mr. Gaudet represented Oikocredit.

RJ Gaudet & Associates LLC is proud to represent Oikocredit and other socially responsible clients who work hard to make the world a better place.