en-USes-ES
   Login

PROJECTS


TE CREEMOS

Te Creemos developed green loans to promote access to solar water heaters, efficient refrigeration and photovoltaic systems for 100 of their microenterprise clients. The successful uptake of the green loans led Te Creemos to change their entire business model to support delivery of green products, having trained over 1,000 employees. The institution subsequently scaled up this effort to expand their green loan portfolio from USD $773,000, under the pilot project, to USD $9 million.


FONDO DE DESARROLLO LOCAL (FDL)

Fondo de Desarrollo Local (FDL) developed a green loan for smallholder farmers to finance and implement any one of seven recommended climate change adaptation measures. Having disbursed approximately USD $484,000 and supported 226 beneficiaries under the pilot project by the end of 2015, FDL now has a consolidated green portfolio for sustainable agricultural practices with more than 6,000 clients.


DIACONÍA

By providing agriculture microinsurance, Diaconía aims to assist 300 agricultural producers and their families in the Batallas, Sorata, and Palos Blancos municipalities in reducing crop and livestock loss and to increase land productivity. Diaconía developed specific agricultural credit-analysis software to assess the climate risk of this new microfinance facility, and is working with local universities to support farmers’ adaptation to climate change. Additionally, Diaconía has used innovative aspects of the pilot to leverage an additional USD $7 million from Fundación PROFIN and the PPCR funds to scale the pilot.


CAJA AREQUIPA

Caja Arequipa developed a green loan product, “Crediluz”, and mobilized over USD $1 million to facilitate access to clean energy and energy efficiency for 70 MSME clients. Caja Arequipa also completed internal energy audits across its network of 90 institutional branches, the most achieved under any EcoMicro project, illustrating its own commitment to green operations.


BANCAMÍA

Bancamía is developing a green loan to enable 240 MSMEs across 12 districts in Columbia to incorporate energy efficiency solutions into their business processes, reduce their energy costs and minimize their environmental impacts.


FUNDACIÓN SUR FUTURO

Fundación Sur Futuro developed “Futuro Verde” - an agricultural loan to help farmers in the Padre las Casas and Tamayo districts adapt to climate change, and sensitized over 300 persons on climate change impacts and adaptation measures.


APOYO INTEGRAL

Integral Sociedad de Ahorro y Crédito (Apoyo Integral) developed a new green loan “CrediVerde” which enables its clients to access a range of green technology products including efficient equipment (appliances, engines, solar panels) and low fuel vehicles through a small loan. The project intends to reach 100 MSMEs and to inspire other finance institutions in El Salvador to promote green financing.


FINANCIERA EL COMERCIO

Financiera El Comercio is diversifying its portfolio of products while developing the capacity of small fruit producers in Paraguay to adapt to climate change. The new green finance product will be tested with 200 producers, and aims to indirectly benefit 1,200 low income household members.


ACCESS FINANCIAL SERVICES

Through its “Access Green Jamaica” facility consisting of three distinct, targeted green loans, Access Financial Services aims to assist 100 MSMEs and low-income households to afford green technologies and reduce their energy costs.


SEMBRAR SARTAWI IFD

Sembrar Sartawi is developing a green micro-insurance product, “Micro Seguro Agricola” to help mitigate climate change risks for smallholder farmers. The project will test the micro-insurance product with an initial group of 50 smallholder farmers in the department of La Paz, while engaging with 600 smallholder farmer clients and their households through targeted awareness raising and sensitization on climate change.


FUNDACION COOMEVA

Fundación Coomeva is designing a green loan to allow MSMEs to improve their competitiveness by reducing their energy costs through energy efficiency and renewable energy technologies.


FUNDACION PARAGUAYA

Through their green loan “Crédito Para Cocinas Eficientes”, Fundación Paraguaya has provided access to energy efficient stoves and other efficient technologies to 344 households to improve quality of life and reduce greenhouse gas emissions. This project has an additional and important social benefit since participating households will no longer need to rely on wood-burning stoves – thereby reducing incidence of respiratory illness, particularly amongst women.


AFLUENTA

Afluenta, the most recent addition to the EcoMicro program, will be establishing and piloting a crowd-funding platform (“green crowd lending”) as an alternative green finance channel for renewable energy loans to improve the competitiveness of MSMEs in Argentina.

How Does It Work

In Peru, micro and small enterprises (MSEs) are usually operated from homes and provide 75 % of Peruvian employment. However, they are losing competitiveness due to high energy costs (US 11 cents / KwH) and disruptions in energy supply.

Under the EcoMicro Programme, The IDB-MIF is providing support to the municipal saving bank, Caja Arequipa (CA) to improve micro and small enterprises’ competitiveness through the reduction of energy costs, by developing green loan financing.

A Market Study revealed that only businesses of a large scale are able to afford reliable renewable energies; and that Energy efficiency savings were more appealing to micro and small entrepreneurs compared to renewable energy.

An Assessment of CA’s loan portfolio vulnerability to climate change showed high agricultural vulnerability, particularly for livestock. The assessment mapped climate change risks and their specific impacts on CA’s clients in their specific geographical areas; and a tool was designed to manage these risks and to assist CA’s strategic decision-making. Caja Arequipo therefore designed and offered loans (mainly rural credit products) that were specific to their clients’ needs. Three case studies show how clients benefited.

Since it is important to reduce institutional vulnerability as well as client vulnerability:

• 150 members of Caja Arequipo’s staff were trained in adaptation; energy efficiency and greening of the agency; and 90 energy efficiency audits of their headquarters and satellite offices throughout Peru were conducted.

• An environment policy was developed and included specific recommendations to improve energy efficiency - including the insulation of walls and floors, installation of double glazed windows and use of energy efficient and solar energy equipment. The policy was formally adopted by the agency, demonstrating its commitment to reduce its carbon footprint!

1 RE/EE Green Finance Product “Crediluz” Designed & Launched

150 Staff Trained on Adaptation/Energy Efficiency and Greening of the MFI

70 Green Finance Loans Approved

1,040,000 US$ in RE/EE loan financing mobilized by Caja Arequipa

1 Loan Portfolio Climate Risk Assessment

3 Toolkits/Plans for Monitoring Climate Rick Assessment

Contact Caja Arequipo Click here for all knowledge Products