ADFIAP, adelphi hold planning meeting on ACMFN financial toolkit work stream

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adelphi33333ADFIAP, the lead partner of the EU-funded SWITCH Asia project, “Asian Cleantech MSME Financing Network (ACMFN)”, had a planning meeting with its EU partner, adelphi, on October 26, 2016 at the latter’s office in Munich Germany.

Mr. Victor Abainza, ADFIAP Senior Consultant and Ms. Cora Conde, Head of ADFIAP Consulting Group, who attended the Core Group Meeting of the Practitioners’ Dialogue on Climate Investments (PDCI) at Prien am Chiemsee, Bavaria, Germany, met with adelphi’s Messrs. Rainer Agster, Director of Private Sector Cooperation and Mirko Zuerker, Senior Project Manager to discuss the Financial toolkit work stream being developed by adelphi, whose main role in the project is capacity building for MSMEs and financial institutions and network facilitation.

The peer-learning workshops on financial product development and peer-learning workshops, advisory and tools on internal process development for financial institutions are targeted to be conducted in India, China and Indonesia in the first semester of 2017.

The ACMFN is a 4-year project which aims to build and leverage a cleantech financing eco-system to spark improved access to finance for Asian cleantech MSMEs in order to enhance sustainable consumption and production patterns in Asia. Cleantech refers to products, services and processes that reduce or eliminate negative ecological inputs, improve the productive and responsible use of natural resources and provide superior performance at lower cost.

MSMEs, considered to be the major drivers of worldwide economies, are being tapped to benefit from the project. The ACMFN will fund the capacity-building for about 400 MSMEs in order that they would have better chances to access financing for their projects. Workshops, advisory services and mentoring, among other activities, will be conducted, including national forums for matchmaking process between MSMEs and financial Institutions as well as training manuals and toolkits. Around 200 MSMEs are expected to have improved processes or created innovations within the project timeline.

ADFIAP’s other partners in the ACMFN project are the Confederation of Indian Industry (CII), Pupuk of Indonesia and CEESTA and Green Start Ups of China For more information on the ACMFN project, please visit its website at www.acmfn.com or email inquiries@adfiap.org.

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