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PROJECTS


AFLUENTA (AR-T1176)

EE/RE

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.


BELIZE CREDIT UNION LEAGUE (BCUL)
BL-T1112

Adaptation

Belize Credit Union League will develop green loan products for adaptation technologies and methodologies that build climate resilience of MSMEs in the agriculture and fisheries sectors of Belize. Increasing climate resilience will reduce vulnerability and result in overall improved productivity across targeted communities.


BELIZE LIVESTOCK PRODUCERS’ ASSOCIATION
(BL-T1094)

Adaptation

The main objective of this project is to improve the productivity of the livestock sector in Belize through the promotion of pasture intensification, while at the same time addressing the low capacity for adaptation to climate change of especially small and medium-sized producers.


DEVELOPMENT FINANCE CORPORATION (DFC)
BL-T1122

RE/EE

Development Finance Corporation will pilot mitigation finance that increases access to Renewable Energy/Energy Efficiency (RE/EE) technologies by MSMEs in Belize under an Energy Performance Contracting (EPC) approach. This is the first EcoMicro project that will pilot an EPC financial model in partnership with Energy Service Companies (ESCOs) for the private sector.


DIACONÍA (BO-X1011)

Adaptation

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.


SEMBRAR SARTAWI IFD (BO-X1014)

Adaptation

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.


BANCAMÍA (CO-M1099)

EE/RE

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.


FUNDACION COOMEVA (CO-M1098)

EE/RE

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.


NATIONAL DEVELOPMENT FOUNDATION OF DOMINICA LIMITED (NDFD)
RG-T3378

RE/EE and Adaptation

National Development Foundation of Dominica will develop green loan products that enable the acquisition of Renewable Energy/Energy Efficiency (RE/EE) technologies and implementation of adaptation methodologies by MSMEs, including smallholder farmers and fisherfolk, and low-income households in Dominica. This is the first EcoMicro project that will link mitigation and adaptation finance to business and housing recovery in a post-catastrophic natural disaster context with a view to building resilience to climate change.


FUNDACION SUR FUTURO (DR-M1048)

Adaptation

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.


RED DE INSTITUCIONES FINANCIERAS DE DESARROLLO
EC-T1406

Adaptation

Red de Instituciones Financieras de Desarrollo will utilize big data analysis supported by artificial intelligence to diversify and ”technify” the supply of financial products for rural areas, in particular for agricultural production. This will be achieved through a platform that translates complex data into usable information for the decision-making processes of microfinance institutions (MFIs).


APOYO INTEGRAL (ES-X1008)

EE/RE

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.


GRENADA DEVELOPMENT BANK (GDB)
RG-T3255

RE/EE and Adaptation

Grenada Development Bank will develop green loan products that enable the acquisition of Renewable Energy/Energy Efficiency (RE/EE) technologies and implementation of adaptation methodologies by MSMEs, including smallholder farmers, and low-income households in Grenada. This is the first EcoMicro project that will jointly pilot both mitigation and adaptation finance.


MAYA CERT S.A. GUATEMALA
RG-3464

Adaptation

Maya Cert S.A. Guatemala will develop a carbon premium line of credit for coffee farmers in Southern Mexico, Guatemala Highlands, and Northern Peru that implement regenerative, organic coffee farming and achieve targeted carbon sequestering “CO2 scores” as a leading strategy for greater climate resilience. This premium will incentivize farmers to adopt much needed sustainable practices and technologies that make their farms more resilient and sustainable. The score and the carbon premium will also allow participating cooperatives to offer lending that would otherwise be unavailable to farmers to implement their resiliency strategies.


INSTITUTE OF PRIVATE ENTERPRISE DEVELOPMENT (IPED)
GY-T1150

RE/EE

Institute of Private Enterprise Development will develop green loan products that increase access to Renewable Energy/Energy Efficiency (RE/EE) technologies by MSMEs primarily in the hospitality, food and beverage, manufacturing, retail, and services sectors. Deployment of RE/EE technologies will reduce operational costs through energy savings, thereby increasing MSMEs' overall productivity.


GRUPO FERTICA
HO-T1308

Adaptation

Grupo Fertica will increase household incomes of small farmers in Honduras by providing them access to climate resilient technologies. The project will strengthen FERTICA’s institutional capacity to provide new green finance products tailored to the needs of small producers.


ACCESS FINANCIAL SERVICES (JA-X1010)

EE/RE

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.


COK SODALITY CO-OPERATIVE CREDIT UNION LIMITED
JA-T1159

RE/EE

COK Sodality Co-Operative Credit Union Limited will develop green loan products that increase access to Renewable Energy/Energy Efficiency (RE/EE) technologies by low-income households and MSMEs primarily in the retail trade, services, light production and manufacturing, and tourism sectors. Deployment of RE/EE technology will reduce operational costs of MSMEs and increase disposable income of low-income households through energy savings.


TE CREEMOS (ME-M1082)

EE/RE

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)
(NI-X1008)

Adaptation

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.


FINANCIERA EL COMERCIO (PR-M1033)

Adaptation

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.


FUNDACION PARAGUAYA (PR-X1005)

EE/RE

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.


CAJA AREQUIPA (PE-M1092)

EE/RE

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.


PERALES HUANCARUNA SAC (PERHUSA)
PE-1423

Adaptation

PERHUSA will develop a financial product that allows small coffee producers to access technologies that enable them to adapt to climate change and in doing so improve their family income. This will be accompanied by a digital risk analysis tool that allows for automated credit decision-making, based on climate and environmental risk data combined with economic and agricultural production data.


1ST NATIONAL BANK ST. LUCIA LIMITED
RG-T3401

RE/EE

1st National Bank St. Lucia Limited will develop green loan products that enable the acquisition of Renewable Energy/Energy Efficiency (RE/EE) technologies by low-income households and Small and Medium Enterprises (SMEs) in the distributive trade, manufacturing, and services sectors. Green loan products will also allow SMEs to become suppliers of RE/EE technology. This is the first EcoMicro project that will pilot green finance with a commercial bank.


CENTRAL FINANCE FACILITY (CFF)
TT-T1095

RE/EE

Central Finance Facility will develop green loan products that enable the acquisition of Renewable Energy/Energy Efficiency (RE/EE) technologies by Micro, Small and Medium Enterprises (MSMEs) and low-income households. Green loan products will also allow MSMEs to become suppliers of RE/EE technology. This is the first EcoMicro project that will also include an Innovation Fund that increases funding opportunities for higher value-generating and innovative businesses in the RE/EE and other green sectors.

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