Sustainable teak and cocoa plantation in Nicaragua scores top impact points
A project to expand FSC certified teak and UTZ certified cocoa plantations in the rural Siuna and Bonanza regions of Nicaragua scores exceptionally high points in Finnfund’s development impact assessment. The high score is based on the project’s contribution to carbon capture, protection of fauna and curbing deforestation as well as the various social impacts, such as proper jobs, improved income for local smallholders and equal opportunities for women. Finnfund is providing a 10 million USD loan to finance the expansion project of MLR Forestal de Nicaragua, a forestry company operating