Microfinance for adaptation wins Kipepeo award for high environmental impact in LAC
The new annual UNEP Kipepeo Award
, which recognizes teams and projects demonstrating exceptional efforts and performance to achieve UNEP’s goals, was awarded to the Microfinance for Ecosystem based Adaptation initiative, MebA, on Tuesday June 29th.
The award, under the “Environmental Impact” category, was accepted by Marta Moneo who leads the adaptation team, in representation of the colleagues that designed and implemented the project. The MEbA initiative focused on exploring the potential of microlending to catalyse nature-based climate adaptation efforts for small-scale farmers.
MEbA, implemented in six Latin American and Caribbean countries, the Dominican Republic, Colombia, Ecuador, Peru, El Salvador and Costa Rica, has provided access to microfinance products and services to vulnerable rural population since 2012 to help them invest in nature-based solutions that conserve and restore ecosystem services to improve production practices, increasing not only incomes but also resilience to climate change impacts such as drought or flooding.