EcoMicro is a technical cooperation program co-financed by the Multilateral Investment Fund (MIF) and the Nordic Development Fund (NDF).
Designed for Latin American and Caribbean microfinance institutions (MFIs), its purpose is to develop green finance products so that micro, small, and medium enterprises and low-income households can access clean energy, increase their energy efficiency, or adapt to climate change.
This innovative program offers solutions not only for MFI clients, but also for MFIs themselves. EcoMicro helps MFIs to green their operations and to reduce their loan portfolios’ vulnerability to climate change.
EcoMicro was selected as a “2014 Lighthouse Activity” by the UNFCCC's Momentum for Change Initiative that highlights shining examples of climate solutions.
UNFCCC Executive Secretary Christiana Figueres said: These activities are assisting communities, cities, businesses, governments and institutions to move towards a low-carbon, highly resilient future.
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The ECLAC estimates that climate change effects will reduce the agricultural GDP in some LAC countries by 3% to 17% by the end of this century. How can microfinance institutions help smallholder farmers in the region to maintain stable their income at the same time that they reduce their own vulnerability to climate change?
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