In its first phase, the SOPRI project will support 400 smallholders across 400 hectares in Sumatra, offering long-term replanting loans, financial literacy training, sustainability certification, land title support and participatory village-planning to promote responsible land use, reads a March 24 announcement.
A new pilot initiative aims to help smallholder farmers access financing and resources to “sustainably” replant oil palms, potentially increasing their income while preventing forest encroachment, or the illegal expansion of cultivable land.
Norwegian impact fund manager Abler Nordic has partnered Temasek Foundation, palm oil producer Musim Mas and international coalition Livelihoods Funds to launch the Sustainable Oil Palm Replanting in Indonesia (SOPRI) project.
