Triple Bottom Line Inclusive Finance in Latin America. Promoting Climate Smart Finance & Better Access

The TIF Program has a three-pillar framework (financial, social and environmental, known as Triple Bottom Line) and a twofold objective: downscaling financial services -being more inclusive and tackling the bottom of the pyramid- and promoting climate-smart finance. 

The TIF Program, led by COFIDES, aims at bringing together the tools, actors and financing necessary to improve access to finance for low-income populations whilst reducing climate risk and vulnerability, especially in the case of smallholder farmers. More specifically, this initiative seeks to reduce climate risk in lending portfolios of Financial Service Providers and scaling up climate-smart lending, especially to urban and rural micro, medium and small-sized enterprises with no or limited access to the formal financial sector, including also small to medium and smallholder farmers.

TIF provides support to Financial Service Providers serving MSMEs through the provision of long-term loans (Debt Facility) and customized technical assistance (Technical Assistance Fund). This technical assistance is key in order to significantly increase the impact of the financing made available to the implementing partners by enabling targeted support in the three areas of intervention defined in TIF: social, financial and environmental, in line with the Triple Bottom Line approach.