Oikocredit Global Impact GICs

NOTE: This product is currently closed for new and renewing investments. Kindred remains committed to this unique opportunity and is currently exploring options to open up new investment opportunities by mid-2020. To discuss your investment options, including SRI GICs and mutual funds, call or visit your local branch and speak with a member of our Investment Team.

For more information on the Oikocredit program, please contact Ben Janzen, Director, Values Integration by emailing ben.janzen@kindredcu.com or by calling 519.746.1010, Ext. 5243.

Your investments can have Global Impact!

We know how important your savings and investments are to you as you plan for your future. We also know that as a credit union member you care deeply about helping others in your community and beyond.
We’ve teamed up with Oikocredit, an international co-operative, to offer members a GIC that provides a local, secure, guaranteed investment AND supports
international sustainable development.
An Oikocredit Global Impact GIC is one way you can align your values with your finances while supporting people around the world.

Here’s how it works…

  1. You invest in an Oikocredit Global Impact GIC1,2
  2. Kindred purchases shares in Oikocredit that match your principal amount
  3. Oikocredit uses the funds to promote sustainable development around the world
  4. Kindred receives an annual return on the shares and you earn interest on your GIC
  5. Your investment has a global impact earning both a financial and a values return!

Speak with our Investment team to learn how your investments can have Global Impact!

About Oikocredit

Oikocredit promotes sustainable development in almost 70 developing countries by providing loans, capital, and technical support to microfinance institutions, cooperatives, fair trade organizations, and small to medium enterprises. These organizations support entrepreneurs, create jobs, build communities, and provide access to commercial markets for farmers. Visit Oikocredit Canada to learn more.

Inspiring just communities focuses on advancing equality and sufficiency for individuals and groups living in society, ensuring dignity and respect for all. It means seeking social justice and it includes supporting food banks, shelters, low-income housing, and special needs programs in our communities. The Oikocredit Global Impact GIC, which supports microfinance, is an example of a unique product that reflects this element of Kindred’s purpose.

1. Minimum $500 deposit.  An investment in a GIC issued by Kindred is a “qualified investment” under the Income Tax Act (Canada) and, therefore, an RRSP, RRIF, or TFSA can be invested in the Oikocredit Global Impact GIC.
2. Your deposit is secure with up to $250,000* insured by the Deposit Insurance Corporation of Ontario (DICO).
*Unlimited for deposits in registered plans.


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