Together KenGrow, Flux, Hiveonline and CYNK will deliver digital infrastructure alongside new regenerative agriculture techniques to increase climate finance inclusion for Kenyan women in rural communities.
Dubai, December 2023. CYNK, a leading climate finance platform founded in Nairobi, Kenya, announces a new partnership with KenGrow and the United Nations Convention to Combat Desertification (UNCCD) to provide funding and expertise to women smallholder farmers in emerging economies.
The first climate smart regenerative agriculture project, based in Kisumu, Kenya, will see CYNK teaming up with KenGrow, a foundation that builds bridges between communities within Kenya and Flux, an organisation specialised in Enhanced Rock Weathering (ERW), headquartered in Nairobi. Leveraging Hiveonline’s digital community finance platform KenGrow members will have access to financial inclusion tools that give women greater control of their finances.
CYNK's cutting-edge technology is set to empower women members of the KenGrow group in rural communities through a groundbreaking UNCCD Climate Smart Agriculture project. This partnership unlocks a triple win: increased income, climate resilience, and digital inclusion.
Women farmers will generate additional income by sequestering carbon on their farms and earning carbon credit revenue streams via CYNK's platform. This reduces their reliance on expensive synthetic fertilizers, further boosting their profits and yields. Additionally, CYNK's virtual training empowers them to adopt innovative, nature-positive farming techniques, specifically tailored to the cyclical nature and seasonality of agriculture. This builds resilience and paves the way for long-term success.
The Kisumu-based project will combine Flux’s pioneering regenerative agriculture technique, with KenGrow’s networking and training opportunities. Flux reduces the overreliance on synthetic fertilizers by providing a natural soil health improver in the form of volcanic rock powders. This technique has the potential to sequester up to 5 gigatons of CO2 per year globally. It will support the socio-economic development of 2,000 Kenyan women in grassroots rural and peri-urban communities.
Sudhu Arumugam, CEO at CYNK, commented: “We are proud to partner with these prestigious organisations to provide female smallholder farmers an opportunity to enhance their farming expertise and generate additional revenue streams via our carbon credit platform. It is critical to deploy scalable technology like regenerative agriculture to promote women’s financial resilience, protect soils relied upon by local communities and contribute to global climate goals.”
Louise Baker, Managing Director of the Global Mechanism at UNCCD, added: “We are excited to launch our Climate Smart Agriculture project in partnership with KenGrow and CYNK. It is clear that female smallholder farmers need to be at the forefront of climate action - this program will strengthen their capacity to apply positive agricultural and climate resilient practices. Investing in women’s access to funding and expertise is not only a question of justice but a commitment to the prosperity of our lands.”
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Pauline Guenot, Portland Communications
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Joel Chacha, Portland Communications
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CYNK is an end-to-end platform that covers the lifecycle of a carbon or biodiversity credit. From origination, financing and secondary trading of carbon, CYNK is a one-stop platform for the origination of high-integrity credits with fully immutable audit trails of digital Monitoring Reporting and Verification (dMRV) via blockchains.