Money arrivesyears afterthe work.
A project costs money years before a credit exists. The finance layer, in development at GIFT IFSC, is how we intend to close that gap.
The years before a credit.
Rice fields and a river catching the light at sunriseThe money comes
last. The work
comes first.
A farm project is registered after the practice has changed, verified after it has been measured over seasons, and paid after it has been verified.
That gap is where smallholder carbon projects die. A developer with a balance sheet can wait.
A farmer cannot, and nor can the mill that has to buy a kiln before any of it starts.
Three ways to move money early. None of them is lending.
What we are building, so that the work can be paid for before the credit exists.
Forward purchase, paid before issuance.
A buyer or a fund pays now against credits delivered when they are issued. A purchase, not a loan: the credits settle it.
Construction finance, arranged, not lent.
A kiln or a plant belongs to the mill or the operator. We introduce the lender to the owner and the money moves between them.
An advance to the farmer.
Where we have been paid in advance for our own credits, part of what the farmer is due can be paid at the start of the season. Never a loan, never repaid.
We handle our own money and nobody else's.
The companies in this market that failed were holding somebody else's credits or somebody else's money. So we never hold another owner's credits, never take title to trade, never pool anyone else's money, and never lend.
Others' credits
Credits go from the project to the buyer's account.
Title to trade
We are not a trading book.
Pooled money
Funders and buyers pay project owners directly.
GIFT IFSC is where an Indian company can meet foreign capital under one regulator, and it is where we intend this layer to sit.
There is no vehicle, no permission and no product. The form it takes is being determined with the regulator before anything is built.
Our operating company is separate, in the Domestic Tariff Area at GIFT City, where it develops the projects and pays the farmers.
