Financial products for the fisheries and aquaculture sectors


Financial products for the fisheries and aquaculture sectors

In its first year of implementation, Peces para la Vida II disbursed 80% of the target placement of its resources thanks to a diversified range of financial services and to the addition of new financial service centres.

The Project, through CIDRE, allocated CAD $ 200,000 from its loans portfolio, along with funds from a public Trust, for a total of CAD $ 2,000,000 to scale up fish production. The Project’s strategy provides innovative service mechanisms for the population engaged in fisheries (mainly indigenous) and fish farming (with an emphasis on women), creating “a diversified financial services platform for the fisheries and aquaculture sectors."

The strategy also aims at "consolidating permanent financial service locations for the fisheries and aquaculture sectors", thus expanding the number of CIDRE agencies with permanent locations in Yapacaní (November 2015), Cobija and Riberalta (March 2016).

Contact:
Julio Alem, CIDRE, jalem@cidre.org.bo

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