FP230
Kuali Fund-GCF
Kuali Fund-GCF
In Latin America and the Caribbean, the vulnerability of small- and medium-sized enterprises (SMEs), smallholder farmers, women, and poor households in general is linked to their economic dependence on activities affected most by climate change. They are also affected by their reliance on conventional and potentially harmful energy sources and limited capacity to invest in climate-smart technologies and practices.
It is estimated that 95 per cent of the 15 million smallholder farmers in Latin American and Caribbean countries are already experiencing negative impacts from rising temperatures, unpredictable rainfall, extreme weather events, pest and disease incidence, and decreasing income generation and food security.
Financial institutions can play a vital role in financing climate-smart agriculture (CSA) equipment to increase adaptation and promote mitigation. The Kuali Fund-GCF will invest in local financial service providers (FSPs), including small banks, microfinance institutions (MFIs), cooperatives, non-bank financial institutions, and FinTech companies, as well as innovative companies (ICs) that use technology to offer solutions to climate change mitigation and adaptation. The Kuali Fund-GCF will invest in Brazil, Colombia, El Salvador, Guatemala, Honduras, Mexico and Panama to transform the FSPs in their transition to become greener and more inclusive.
Project timeline
Pipeline
24 Sep 2020 - 1260 days
Funding proposal received
24 Sep 2020
Cleared by GCF Secretariat
21 Dec 2023
Cleared by iTAP
12 Feb 2024
Approved
06 Mar 2024 - 246 days so far
Approved by GCF Board
06 Mar 2024
Legal opinion on AE's Internal Approval
04 Jul 2024
Under implementation
To be completed
-
Financing
- Private sector
- Public sector
-
Size
- Micro
- Small
- Medium
- Large
GCF financing
Instrument | Amount |
---|---|
Equity | USD 27,114,967 |
Grant | USD 8,459,869 |
Total GCF Financing |
---|
USD 35,574,837 |
Co-financing
Co-financer | Instrument | Amount |
---|---|---|
Co-Financing | Loan | USD 19,088,937 |
Co-Financing | Equity | USD 1,366,594 |
Co-Financing | Equity | USD 78,958,785 |
Co-Financing | Grant | USD 618,221 |
Co-Financing | Grant | USD 325,379 |
Co-Financing | Grant | USD 43,383 |
Co-Financing | Loan | USD 1,952,277 |
Co-Financing | Equity | USD 1,084,598 |
Total Co-Financing |
---|
USD 103,438,177 |
GCF Contacts
General media inquiries
GCF CommunicationsSend e-mail
Request for information
GCF Information DisclosureRequest information about this project
Project complaints and grievances
GCF Independent Redress Mechanism (IRM)Phone +82 32 458 6186 (KST)
File a complaint
Integrity issues
GCF Independent Integrity Unity (IIU)Phone +82 32 458 6714 (KST)
Send e-mail
Entity
Compañia Española de Financiación del Desarrollo
Director of Partnerships for Development Division
Head of Unit of Partnerships for Development Division
More contacts
National Designated Authority
Secretariat for International Affairs, Ministry of Finance
Secretary for International Affairs
Esplanada dos Ministérios, Bloco P, 6° andar, Brasilia, Brazil
Deputy Secretary for Sustainable Development Finance
Esplanada dos Ministérios, Bloco P, 6° andar, Brasilia, Brazil
General Coordinator for Sustainable Finance
Esplanada dos Ministérios, Bloco P, 6° andar, Brasilia, Brazil
National Planning Department
Director of Environment and Sustainable Development
Calle 26 No. 13-19, Bogotá, D.C, Colombia
NDA Technical Advisor
Calle 26 # 13 - 19, Bogotá, D.C., Colombia
Ministry of Environment and Natural Resources (MARN)
Minister of Environment and Natural Resources
Kilómetro 5 ½ Carretera a Santa Tecla, Col. Las Mercedes, Frente a Círculo Miliar, Edificios MARN, San Salvador, El Salvador
Director of International Cooperation and Climate Change
Kilómetro 5 ½ Carretera a Santa Tecla, Col. Las Mercedes, Frente a Círculo Miliar, Edificios MARN, San Salvador, El Salvador
Ministry of Environment and Natural Resources
Minister of Environment and Natural Resources of Guatemala
7 Avenida 03-67 Zona 13, Guatemala City, Guatemala
Head of International Cooperation
7 Avenida 03-67 Zona 13, Guatemala City, Guatemala
Secretary of Energy, Natural Resources, Environment and Mines
Secretary of State, Secretary of Energy, Natural Resources, Environment and Mines
Edificio Principal, 200 metros al Sur del Estadio nacional, Tegucigalpa, Honduras
Ministry of Finance and Public Credit, Unit of Public Credit and International Affairs
Director General of International Fora and Sustainable Financing
Av. Insurgentes Sur 1971, Plaza Inn, Torre III, Piso 3, Col. Guadalupe Inn, Alcaldía Álvaro Obregón, Ciudad de México, Mexico
Director of Sustainable Financing
Av. Insurgentes Sur 1971, Plaza Inn, Torre III, Piso 3, Col. Guadalupe Inn, Alcaldía Álvaro Obregón, Ciudad de México, Mexico
Deputy Director of Climate Change
Av. Insurgentes Sur 1971, Plaza Inn, Torre III, Piso 3, Col. Guadalupe Inn, Alcaldía Álvaro Obregón, Ciudad de México, Mexico
Deputy Director of International Fora
Av. Insurgentes Sur 1971, Plaza Inn, Torre III, Piso 3, Col. Guadalupe Inn, Alcaldía Álvaro Obregón, Ciudad de México, Mexico
Ministry of Environment
Climate Change Director
Diego Dominguez Street, Building 804 Albrook, Ancón, Panama City, Panama
Head of International Technical Cooperation Office
Diego Dominguez Street, Building 804 Albrook, Ancón, Panama City, Panama
Documents
Title | Type | Date |
---|---|---|
Kuali Fund-GCF | Approved funding proposal | 04 Apr 2024 |
Gender assessment for FP230: Kuali Fund-GCF | Gender assessment | 07 Mar 2024 |
Gender action plan for FP230: Kuali Fund-GCF | Gender action plan | 07 Mar 2024 |
Environmental and social safeguards (ESS) report for FP230: Kuali Fund-GCF | Environmental and Social Safeguards report | 31 Jan 2024 |