Katowice / Nairobi
Climate-Smart Lending Platform members, Financial Access Consulting Services B.V. (FACS) and F3 Life Limited have entered into a partnership with Partnerships for Forests to accelerate the provision of climate-smart loans to smallholder farmers in East Africa.
Showcased today at the World Climate Summit 2018 – Investment COP in Katowice, Poland – which brought together thousands of government, business and civil society decision-makers to explore business and investment-driven solutions to climate change – the Climate-Smart Lending Platform offers innovative data-driven solutions to reducing climate risk in lending portfolios and incentivizing the adoption of climate-smart farming methods by smallholders.
Both smallholders and lenders with smallholder lending portfolios (which currently account for about USD 50 billion globally,) are highly vulnerable to climate change impacts. By incorporating Climate-smart Agriculture (CSA) metrics into credit scoring systems, the Climate-Smart Lending Platform model helps mitigates these challenges and supports smallholder farmers to achieve greater financial inclusion, improved environmental performance and climate resilience.
With the support of Partnerships for Forests, FACS and F3 Life will develop an integrated credit services platform which will: