Friday, May 24 2013 9:54 PM EDT2013-05-25 01:54:42 GMT
An Au Sable Forks, New York theater is one of ten in the North Country doing what it can to stay open. "We'll be dark. There will be no movies shown in these theaters and you'll have toMore >>
After being denied a state grant, a number of North Country theaters could go dark by the end of the year. That's because Hollywood is getting rid of film movies, which is what those theaters rely on. But they're not giving up yet.More >>
Friday, May 24 2013 8:51 PM EDT2013-05-25 00:51:11 GMT
A couple has lost their home to floods twice in just three years. Last night's storm washed out a road in Underhill, and nearly everything in its path. Governor Shumlin was at the site of the hardestMore >>
A couple has lost their home to floods twice in just three years. Last night's storm washed out a road in Underhill, and nearly everything in its path.More >>
Friday, May 24 2013 7:25 PM EDT2013-05-24 23:25:36 GMT
Beansie's Bus is situated right along the start and finish of the race so they're looking to get swamped by hungry customers Sunday but rain too. "Unfortunately the weather might not cooperate," Beansie'sMore >>
VCM organizers making sure they have cold/rainy weather equipment for runners.More >>
Friday, May 24 2013 6:21 PM EDT2013-05-24 22:21:38 GMT
Damaged homes, washed out roads, and now major clean-up.In just a few hours heavy rains flooded much of Northern Vermont. Hardest hit were Essex, Jericho, and Underhill.The torrential rains Thursday nightMore >>
Damaged homes, washed out roads, and now major clean-up.More >>
Friday, May 24 2013 2:15 PM EDT2013-05-24 18:15:28 GMT
The Vermont Agency of Transportation released a list of road closures and times for the Vermont City Marathon. A press release says that if possible, motorists should avoid downtown Burlington on Sunday,More >>
The Vermont Agency of Transportation released a list of road closures and times for the Vermont City Marathon.More >>
Friday, May 24 2013 1:07 PM EDT2013-05-24 17:07:11 GMT
The Thunder Road Memorial Classic has been postponed until Monday. Officials say they are postponing due to the upcoming inclement weather expected this weekend. Here's the updated schedule of events:7:30amMore >>
The Thunder Road Memorial Classic has been postponed until Monday.More >>
Friday, May 24 2013 12:26 PM EDT2013-05-24 16:26:27 GMT
The Essex Memorial Day Parade has been canceled due to inclement weather predictions. According to Essex Memorial Day Parade Committee, the parade has been postponed one week to Saturday June 1 at 10 a.m.More >>
The Essex Memorial Day Parade has been postponed due to inclement weather predictions.More >>
Friday, May 24 2013 11:31 AM EDT2013-05-24 15:31:32 GMT
The Burlington Police Department arrested two people for pick-pocketing two men at a local night club in Burlington, Vt. on Friday, May 17.Police say Stephanie Rivers, 24, and Victoria Hammond, 23, bothMore >>
The Burlington Police Department arrested two people for pick-pocketing two men at a local night club in Burlington, Vt. on Friday, May 17.More >>
Friday, May 24 2013 10:29 AM EDT2013-05-24 14:29:26 GMT
If the prices at the pump are giving you second thoughts about traveling this holiday weekend, these suggestions might help. The New York State Energy Research and Development Authority has some recommendationsMore >>
If the prices at the pump are giving you second thoughts about traveling this holiday weekend, these suggestions might help.More >>
Friday, May 24 2013 8:52 AM EDT2013-05-24 12:52:16 GMT
A Windham County man cashes in a lucky lottery ticket. Frederick Randall matched 4 out of 5 numbers plus the power ball for the April 5th drawing.He would have won $10,000, but he played an extra buckMore >>
A Windham County man cashes in a lucky lottery ticket.More >>
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AMERSFOORT, The Netherlands, March 11, 2013 /PRNewswire/ --
For the full year ended 31 December 2012, social investor and worldwide cooperative, Oikocredit, recorded another positive year of social and financial results. With 854 partners across 67 countries, Oikocredit continued its strategic focus on Africa, agriculture and inclusive finance. Loan approvals were at record levels in 2012, reaching € 234 million, up 11% from € 211 million the previous year. New equity investments totaled € 12.5 million of these approvals, bringing the total number of approved equity holdings to 49.
Total gross capital inflow from members increased to € 60.9 million, up 35% from € 45 million in 2011. A total of 3,000 new investors joined Oikocredit in 2012, taking total worldwide investors to 48,000. Investors will share in Oikocredit’s net result of € 22.9 million, with € 10.5 million proposed as dividend. Given market uncertainty in many countries, all of the remaining net result will be added to reserves to support Oikocredit's social mission.The development financing portfolio grew to € 530 million, an increase of 2% from € 520 million in 2011. This was lower than anticipated due to a weaker euro and write-offs in the Indian state of Andhra Pradesh. Despite challenges in the microfinance sector, Oikocredit remained committed to inclusive finance and continued to address certain areas within the sector, such as over-indebtedness and irresponsible pricing practices.
Committed to clients
Throughout 2012, Oikocredit remained committed to improving social performance management and supporting partners through capacity building. The needs and interests of clients remained a top priority, with the development of social performance mentoring programmes for microfinance partners and other support initiatives. During the year, Oikocredit also increased disbursement of funds for capacity building to € 2.7 million, supporting over 90 initiatives with a special focus on the agricultural sector.
Focus on agriculture
As smallholder farmers are among the world's most disadvantaged people, agriculture remained a focus area for Oikocredit during 2012. Throughout the year, Oikocredit approved € 25 million in new loans to 38 agricultural partners. A total of € 35 million was disbursed in loans to the sector, including support to organic farming and agricultural processing. Oikocredit aims to increase its support of the sector over the coming years.
Oikocredit will continue to focus on Africa, agriculture and inclusive finance throughout 2013. The social performance mentoring programme will be expanded to four new countries and careful partner selection in relation to both social and financial performance will also remain a top priority for Oikocredit.
Oikocredit is one of the world's largest sources of private funding to the microfinance sector, providing credit and equity to small businesses through microfinance institutions across the developing world and directly to trade cooperatives, fair trade organizations and small-to-medium sized enterprises.