At COP16, NESsT reinforced its ongoing commitment to improving access to funding for locally-led bioeconomy initiatives in the Amazon. This work, including its plans to invest $6 million in seed-stage financing through 2025 to support these efforts, was recently featured in Carbon Pulse.
NESsT Lirio Fund Expands into Brazil to Further its Efforts to Enhance Livelihoods and Sustainable Development in Latin America
As part of its ongoing commitment to address the pressing challenges faced by entrepreneurs in Latin America, particularly in the Andes-Amazon region, the NESsT Lirio Fund is expanding its reach into Brazil. The fund is investing in small and medium-sized enterprises that create dignified income opportunities and improve local livelihoods while contributing to environmental conservation.
The NESsT Lirio Fund provides Kulkao with a second loan to increase the income of cocoa farmers in the Amazon basin
Located in the jungle areas of central and eastern Peru, Kulkao sources cocoa from over 400 smallholder farmers living in the remote regions of the Amazon basin. Its products include cocoa butter, cocoa powder, and cocoa nibs that are sold to local and international markets such as Europe and North America. Due to its success, in 2023, NESsT approved a second revolving loan to Kulkao, supporting the social enterprise to continue to purchase cacao beans from local farmers committed to organic, sustainable practices.
Flower producer Cattleya joins the NESsT Lirio Fund to improve the livelihoods of rural women in Cundinamarca, Colombia
Flower producer Cattleya manages employs 350 individuals, primarily from the nearby rural towns of Suesca and Sesquilé, providing them with a stable source of income, fair wages, well-being services, and professional development opportunities. Over 50% of Cattleya’s workforce are women who are the primary earners of their families.
The NESsT Lirio Fund welcomes Cuencas del Huallaga, a cocoa cooperative using technology to prevent deforestation in the Peruvian Amazon
Pomario’s Journey to Investment Readiness
Environmental Fund of the Year, Latin America – NESsT’s Lirio Fund: Catalyzing Sustainable Enterprises in the Andes Amazon Basin
The NESsT Lirio Fund Welcomes Laguna, a Coffee Cooperative Promoting Gender Equity in Peru’s Agriculture Sector
Cooperativa Cafetalera Laguna de los Cóndores sources coffee from almost 460 smallholder farmers operating in the region, working to alleviate their severe financial strains and ensure coffee producers earn a living income. NESsT’s revolving investment will support Laguna to reach and sign contracts with more producers over the next two years, with funding provided on an as-needed basis for working capital needs.