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Exploring Microfinance Strategies for Climate Change Resilience

Discover the impact of microfinance on climate change at household and microenterprise levels, alongside ACP/EU initiatives and partnership opportunities. Learn about clean energy projects, funding, and calls for proposals.

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Exploring Microfinance Strategies for Climate Change Resilience

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  1. MICROFINANCE & CLIMATE CHANGE 2nd ACP Open-days Brussels, October 11, 2011

  2. INDEX MICROFINANCE & CLIMATE CHANGE • About microfinance • Ups and downs of microfinance • Microfinance & climate change • At the householdlevel • At the microentrepriselevel ACP/EU MICROFINANCE • About the Programme • Call for proposals • Partnerships

  3. MICROFINANCE & CLIMATE CHANGE

  4. ABOUT MICROFINANCE • Microfinance is the provision of financial services for the poor (credit, savings, insurance, etc.) • As of 2009: • 2.7 billion people are stillunbanked (especially in ACP countries) • 7,000 to 12,000 MFIs serve an average 150 million clients • Microfinance: Developmenttool? Financial instrument? Both? • The tripplebottom line of responsiblefinance: « profits, people, planet».

  5. MICROFINANCE & CLIMATE CHANGE Microfinance Institutions are key players in clean energy projects: they have the distribution channels, clientele, linkages, credibility, and efficiency that can enable them to reach millions of poor people. Source: CGAP, Focus Note 53, March 2009.

  6. 1/ MICROENTREPRISE LEVEL • Actions: • Supportingeco-friendlyactivi-tiessuch as: • Sustainable agriculture, • Clean energy provision and maintenance, • Eco-tourism, • … • Methodology • Awareness-raising on environmental issues, • Business development services (BDS), • Financial products (credits, insurances, savings…)

  7. 2/ HOUSEHOLD LEVEL • Actions • Equipment of householdswith: • Solar panels, • Biogasdigesters, • Clean stoves, • … • Methodology • Creation of a dedicatedfunding instrument, • Partnershipbetween MFI and clean energy provider, • Awarenessraising to the potentialbeneficiaries, • Microcredit for the purchase of the equipment

  8. ACP/EU MICROFINANCE

  9. ABOUT THE PROGRAMME • Duration: 2010 – 2014 • Funding: 10th EDF (€ 15 million) • Contribute to poverty alleviation through economic growth through: • Pro-poor access to finance, • Consumer empowerment and capacity building, • Equitable and efficient local markets. • Implementingmethods : • Contributions agreementswith international organisations (€ 5 million) • Call for proposals (€ 7.5 million)

  10. CALL FOR PROPOSALS > Grants to institutions supporting the responsible offer and delivery of financial services to those still excluded from main-stream access to proper financial services. > Global objective : to develop inclusive financial systems adapted to the needs of the poor. > Specific objectives : • facilitate access to finance for communities excluded from the formal financial system, • improve the institutions’ capacity, • build the financial capability of ACP microfinance clients.

  11. PARTNERSHIPS 1/ The MSME investment fund for Sub-Saharan Africa (REGMIFA) > KfW 2/ The Carib-Cap programme for the development of microfinance in the Caribbean >Inter-American Development Bank (IADB) 3/ The Pacific Financial Inclusion Programme (PFIP) in the Pacific > UNDP UNCDF 4/ Efficiency and transparency of local markets > Consultative Group to Assist the Poor (CGAP) 5/ Training of ACP policymakers and practitioners > International Training Center of the International Labour Organisation (ITC ILO).

  12. THANK YOU

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