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| Project/activity ID | RED-SPD055/11 Rev.4 (F) | ||||||||
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| Title | INTEGRATING SUSTAINABLE LIVELIHOODS, ENVIRONMENTAL MORTGAGES, AND SCIENCE-BASED REFORESTATION FOR TANGIBLE FOREST CONSERVATION CHANGE IN THE ECUADORIAN CHOCÓ | ||||||||
| Status |
COMPLETED |
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| Summary |
In one of Ecuador’s two remaining Chocó forest expanses, we will pilot test a new economic incentives program aimed at permanently reversing deforestation by facilitating livelihood improvements that are intrinsically linked to environmental stewardship. Toward creating a viable economic alternative for the reserve’s 50-some rural communities, we will revamp the current cacao market system. Required funding for achieving this aim will be run through the new "environmental mortgages” microfinance model, in which lines of credit are calculated against the conservation value of a community’s surrounding de facto environmental assets. The rural poor typically have no access to globally perceived existence values (e.g. carbon offsets, biodiversity) of these assets—ironically often their most valuable. Tying the capital in a lending trust to that value creates incentives for sustainability, while providing the financial resources needed to climb out of poverty. We are requesting funding for the first two years of this initiative, focused on developing and implementing the environmental mortgages framework in three reserve communities where we have long-standing relationships. Year one will focus on necessary due diligence (sociopolitical analyses, asset monitoring/evaluation protocols, microfinance details, market development) and community organization. Year two we will pilot the program.
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