Brazil: A recyclable investment programme

Waste collection cooperatives in Brazil will be able to apply to the Investimento Reciclável (Recyclable Investment) programme for financial and technical support. The programme, a joint effort by Banco Real, Fundación Avina (Avina Foundation) and the Suzano Papel e Celulose (Suzano Paper and Cellulose) plant, is coordinated by the Instituto Ecofuturo (Ecofuturo Institute) and serves as a financing fund that is more attractive than what is offered by the conventional finance system. With an initial investment of R$ 360,000 (approximately US$220,000), the fund will offer loans for the acquisition of equipment and working capital. Funds are given in soft loans that must be returned within two years.

 
Next News to read

NEF – Nuevo libro sobre filantropía en Europa

Alliance magazine