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. 

Total project value

 

Tonnes of emissions avoided

 

Beneficiaries

 

Direct
242,335
Indirect
642,379
Theme

Cross-cutting

Result areas

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 - 221 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

One region

  • Latin America and the Caribbean

Seven countries

USD  
  • Financing
    • Private sector
    • Public sector
  • Size
    • Micro
    • Small
    • Medium
    • Large

GCF financing

InstrumentAmount
EquityUSD 27,382,256
GrantUSD 8,543,263
Total GCF Financing
USD 35,925,520

Co-financing

Co-financerInstrumentAmount
Co-FinancingLoanUSD 19,277,108
Co-FinancingEquityUSD 1,380,065
Co-FinancingEquityUSD 79,737,130
Co-FinancingGrantUSD 624,315
Co-FinancingGrantUSD 328,587
Co-FinancingGrantUSD 43,811
Co-FinancingLoanUSD 1,971,522
Co-FinancingEquityUSD 1,095,290
Total Co-Financing
USD 104,457,831

GCF Contacts

General media inquiries

GCF Communications
Send e-mail

Request for information

GCF Information Disclosure
Request 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

Accredited Entity

Compañia Española de Financiación del Desarrollo
Mr. Jose Villena
Primary

Director of Partnerships for Development Division
Ms. Nuria Aller
Secondary

Head of Unit of Partnerships for Development Division
Phone +34 91 745 4480
Nuria.Rodriguez@cofides.es
More contacts

National Designated Authority

Brazil
Secretariat for International Affairs, Ministry of Finance
Ms. Tatiana Rosito Primary
Secretary for International Affairs
Esplanada dos Ministérios, Bloco P, 6° andar, Brasilia, Brazil
Phone +55 (61) 3412-2202
and.gcf@economia.gov.br
Mr. Ivan Tiago Machado Oliveira Secondary
Deputy Secretary for Sustainable Development Finance
Esplanada dos Ministérios, Bloco P, 6° andar, Brasilia, Brazil
Phone +556131422202
and.gcf@economia.gov.br
Ms. Livia Farias Ferreira de Oliveira Operational focal point
General Coordinator for Sustainable Finance
Esplanada dos Ministérios, Bloco P, 6° andar, Brasilia, Brazil
Phone +55 (61) 33412-1702
livia.oliveira@fazenda.gov.br
Colombia
National Planning Department
Ms. Carolina Díaz Primary
Director of Environment and Sustainable Development
Calle 26 No. 13-19, Bogotá, D.C, Colombia
Ms. Jimena Cortés Secondary
NDA Technical Advisor
Calle 26 # 13 - 19, Bogotá, D.C., Colombia
Phone +57 601 3815000
clcortes@dnp.gov.co
El Salvador
Ministry of Environment and Natural Resources (MARN)
His Excellency Mr. Fernando Andrés López Larreynaga Primary
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
Mr. Carlos Elías Roque Bueso Secondary
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
Phone +(503) 2132-9680
Phone +(503) 7850-4451
carlos.roque@ambiente.gob.sv
mamaya@ambiente.gob.sv
Guatemala
Ministry of Environment and Natural Resources
Her Excellency Ana Patricia Orantes Thomas Primary
Minister of Environment and Natural Resources of Guatemala
7 Avenida 03-67 Zona 13, Guatemala City, Guatemala
Ms. Melanie Mus Figueroa Operational focal point
Head of International Cooperation
7 Avenida 03-67 Zona 13, Guatemala City, Guatemala
Honduras
Secretary of Energy, Natural Resources, Environment and Mines
His Excellency Lucky Halach Medina Estrada Primary
Secretary of State, Secretary of Energy, Natural Resources, Environment and Mines
Edificio Principal, 200 metros al Sur del Estadio nacional, Tegucigalpa, Honduras
Mexico
Ministry of Finance and Public Credit, Unit of Public Credit and International Affairs
Ms. Laura Elisa Aguirre Téllez Primary
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
Ms. H. Gabriela Niño Gómez Secondary
Director of Sustainable Financing
Av. Insurgentes Sur 1971, Plaza Inn, Torre III, Piso 3, Col. Guadalupe Inn, Alcaldía Álvaro Obregón, Ciudad de México, Mexico
Phone +52 55 3688 1854
herandy_nino@hacienda.gob.mx
Ms. A. Astrid Morales Rivera Tertiary
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
Phone (+52) 55 3688 1833
angelica_morales@hacienda.gob.mx
Ms. Karla Martínez Casas Tertiary
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
Phone +52 55 3688 2615
karla_martinez@hacienda.gob.mx
Panama
Ministry of Environment
Mr. Juan Carlos Monterrey Primary
Climate Change Director
Diego Dominguez Street, Building 804 Albrook, Ancón, Panama City, Panama
Phone (+ 507) 500-0802
jmonterrey@miambiente.gob.pa
Mr. Ángel Cárdenas Secondary
Head of International Technical Cooperation Office
Diego Dominguez Street, Building 804 Albrook, Ancón, Panama City, Panama
Phone (+ 507) 500-0803
acardenas@miambiente.gob.pa

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