How FINCA Is Building Our Clients’ Resilience to Climate Change

Feb 09, 2024
How FINCA Is Building Our Clients’ Resilience to Climate Change

The fight against climate change and the mission to alleviate poverty go hand in hand. In recognition of this strong connection, FINCA addresses this growing issue by helping our clients build resilience to climate change and its impact in each and every area of their lives including health, education, income, food security, and more.

According to the United Nations Development Programme, more than 100 million people could fall back into extreme poverty, and over 200 million people could be displaced due to climate change by 2030. To alleviate this complex issue, FINCA’s fight against climate change goes beyond just a single solution. Instead, it includes an array of innovative solutions ranging from teaching sustainable practices to investing in new technologies.

Building Resilience to Climate Change Through Preservation

One way FINCA is building resilience is through education on sustainable farming methods. Recently, FINCA DRC held a financial education workshop hosting 400 indigenous individuals from rural communities. In addition to the focus on financial literacy and education, the workshop also emphasized how these financial practices can help preserve the nearby Kalehe Forest. By training rural communities in sustainable farming practices and other skills—such as mushroom production, caterpillar cultivation, beekeeping and soap making—pressure will be reduced on the forest and will promote natural regeneration, benefiting the region as a whole. This workshop was the first of more to come providing financial and environmental education to rural communities in the DRC.

In the upcoming workshops, attendees will receive training in sustainable farming practices and other skills to promote self-sufficiency. In addition to the environmental benefits, these practices will also ensure food security and generate income throughout 27 surrounding villages. Through FINCA’s workshops, not only will pressure reduce on the forest and promote natural regeneration, but clients will be able to build resilience to the impacts of climate change within their own lives, as well as within the entire region.

However, FINCA’s interventions don’t stop there.

Addressing Climate Change Through Innovation

To further build resilience to climate change across the world, FINCA also works to stop its effects at the source. 75% of greenhouse gasses stem from the energy sector. By investing in sustainable alternatives, such as clean energy, critical barriers that keep people in poverty can be alleviated. Through FINCA partners like Amped, low-income communities receive access to solar home systems and no longer have to rely on polluting fuels–like kerosene and charcoal. These unsafe fuels not only create significant environmental impacts but cause indoor pollution that increases health risks as well.

Similar to Amped, FINCA also partners with an array of other social enterprises that work to address environmental concerns. A few examples include:

  • Sanivation – Transforming human waste into a more environmentally-friendly source of fuel
  • East Africa Fruits – Improving supply chain processes to reduce emissions from food waste
  • Good Nature Agro – Providing farmers with sustainable crops that improve soil, decrease erosion, and increase yields

And these are just a few of the many FINCA partners advancing innovative ideas to address pressing climate-related issues.

FINCA’s Continued Effort

Hosting sustainable workshops and investing in innovative partner solutions are just some of the ways FINCA is helping people in poverty build resilience to climate change. However, continued global action is needed to keep up with ever increasing climate-related issues. Estimates predict that crop failure will rise 4.5 times higher by 2030. Similarly, ½ of the world’s population could be living in areas facing water scarcity by 2025. These, along with other climate crises, will only further push people into poverty.

FINCA is committed to mitigating the harmful effects of climate change and assisting low income communities in building resilience. By providing the tools and resources necessary to combat climate change, communities around the world will be better prepared and better equipped to achieve success in their own lives and a brighter future for our global community.