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Green microfinance

> What drives us to perform the project

Drive

41.6% of the population lives on less than $85 per month in the Esmeraldas region.

> What objectives do we want to achieve

Clients

Clients

50 small producers.

Opportunity

Opportunity

Access to microcredit.

Economic Impact

Economic Impact

50 producers increase their income.

Social Impact

Social Impact

Improvement of the living conditions of producers and their families.

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cacao

Green microfinance

We promote the financial inclusion of producers and their families, so they make the change in using clean energy and implement actions…
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cacao
Esmeraldas
Microfinanzas verdes

We promote the financial inclusion of producers and their families, so they make the change in using clean energy and implement actions that mitigate climate change effects on their production and their daily lives.“Green microfinance” adapted to their reality, managing the generated risks.

The Esmeraldas region is the fifth poorest region in Ecuador with 41.6% of the population living on less than $85 a year. Families live from agricultural, aquaculture, and fishing sectors. In many processes, producers make use of polluting energies which are harmful to humans and the environment (e.g. gas for drying cocoa, or diesel for small shrimp farms), and in agricultural production there is a widespread use of agrochemicals.

Such producers do not have the liquidity to invest in clean energy which generate a positive impact on their production and life. At CODESPA we help them analyzing their ventures, to get them in contact with clean energy providers and to access microcredits that promote change in their crops.

Awareness of climate change

We raise producers’ awareness of the causes and consequences of climate change, seeking that they mitigate such effects on their daily activities, to adapt to the circumstances, and to reduce the risks.

Clean energy supplier search

We help producers to find suppliers that meet the needs of less polluting energy, both in quantity and quality, as well as green stamp consumptions for production. They must be able to offer safe energy and provide improved inputs (e.g. seeds, fertilizers) with greater resistance to weather conditions.

Access to microcredit

Once small entrepreneurs show interest in carrying out a process of energy transition or a change in the production model to make use of clean and responsible energy or green consumptions, financial products are defined to support this change.

We establish collaboration agreements with microfinance institutions and small rural producers so that they have access to “green microcredits” that allow them to invest in promoting clean energy in their ventures.

A comprehensive impact

50 producers adapt their ventures to the use of clean, sustainable, and responsible energy. This will have a direct impact on their health for being less polluting and they will be able to become more competitive in the market.