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Dec 4, 2018

$1.7 Million in Green Microfinance for Belize

On Monday, the Belize Credit Union League signed a project with the Inter-American Development Bank Lab to boost climate resilience for farmers and fisherfolk through green microfinance in Belize. Under the Caribbean EcoMicro Programme, the League and three of its credit union affiliates will receive technical assistance to design and pilot adaptation finance that will increase access to climate-smart technologies, products, and services by farmers and fisherfolk. According to Business Development Officer Lindbergh Smith, over the next four years, one point seven million dollars in green financing will be placed in the market.

 

Lindbergh Smith

Lindbergh Smith, Business Development Officer, B.C.U.L.

“This is a four year project so over the next four years we are looking to inject at least over eight hundred and fifty thousand US dollars in the Belizean market for adaption finance. We know that Belize is prone to adverse weather conditions such as flooding, hurricanes and tropical storms and these weather conditions place signification pressure on livelihoods, economic activities and infrastructure. So improving the resilience of farmers and fisher folks this will eventually minimize that vulnerability and increase the overall yields of farmers, produce, or crops and even so for fisher folks.”

 

The project is expected to benefit three hundred and eighty farmers and fisherfolk across the country.

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