Banks can offer Amazon rainforest shelter from the storm
Updated: Oct 31, 2021
Amazonia Impact Ventures, for example, has reached out to Peruvian indigenous co-operatives to provide finance, and help market them as sustainable businesses and investments with international players. The idea is simple, explains co-founder Pajani Singah. The firm provides trade finance loans that have sustainability covenants; the loans are extended at what are considered market rates, but that are still below what local banks would offer. Once certain targets are met, there is a rebate on the interest paid.