Microfinance for Ecosystem-based-Adaptation to Climate Change
The consequences of extreme climatic events such as droughts and floods pose an increasing threat to rural and peri-urban communities of Peru and Colombia. Although these communities have already begun measures to adapt to these adverse effects under the scenario of extreme climate change, the need to effectively diffuse and transmit information and knowledge regarding climate change and climate change resilience still persists. The execution of investments in ecosystem-based adaptation activities aims to improve the communities’ resilience to these threats and to ensure the sustainability of ecosystem services on which these communities depend.
The Microfinance for Ecosystem-based-Adaptation to Climate Change (MEbA) project was conceived to promote and support the introduction of specific (micro) financial products and services. The main pillars of the projects are (1) the assistance in the development and implementation of new financial products and services tailored to rural populations that are vulnerable to the effects of climate change (e.g. small agricultural producers and other local actors of the North Andean Region); (2) the provision of customized capacity building to Microfinance Institutions (MFIs); and, (3) awareness raising, carrying out training activities which address identified knowledge gaps and meeting MFI client needs to increase climate change resilience with a focus on Ecosystem-based Adaptation via partnerships with key local technical actors.
The MEbA project initiated its activities in April 2012 with the signing of an Agreement between the United Nations Environment Programme – Regional Office for Latin America and the Caribbean (UNEP-ROLAC, implementing organization) and the Frankfurt School of Finance & Management (Frankfurt School-UNEP Collaborating Centre for Climate & Sustainable Energy Finance, executing agency). The project is funded by the Federal Ministry for the Environment, Nature Conservation, Building and Nuclear Safety of Germany, under the framework of the International Climate Initiative (IKI). During the period April 2012 – December 2017 the MEbA project will focus its operations in the Andean Region of the two countries. In the pilot phase the MEbA project is working with three partner MFIs in Colombia (Bancamía, Contactar, and Crezcamos) and two in Peru (Fondesurco and Solidaridad) with the aim to build capacity, develop EbA-oriented microfinancial products and services and to raise awareness for existing EbA options.
|MEbA Factsheets 2015||MEbA Microcredit Brochures Peru and Colombia 2015|
|MEbA Newsletter June 2014||MEbA Newsletter December 2013||MEbA Options, costs and benefits|