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Harehills Community Interest Company

Cochabamba – invitation to invest or purchase carbon credits. Good social and financial returns.

The Cochabamba Project finances tree planting and forest maintenance on 1500 hectares of smallholdings in the Amazonian area of Bolivia.

It supports almost 1000 small farmers to manage the land and splits the proceeds of the timber revenues 50/50 when the revenue starts to flow in 2015

The society pays the operational costs of the local organisation ArBolivia which employs the staff and delivers support. The project is anticipating Plan Vivo accreditation in spring 2011.

Benefits are:

The prevention of forest clearance and planting of 19 types of local tree species.
Providing income and advice to poor farmers and also setting up ancillary enterprises such as tree nurseries, while giving communities control over project outcomes.
Protection and enhancement of biodiversity.

The Cochabamba Project is a community benefit society (IPS), owned by its shareholders on a one member/one vote basis. It hopes to pay, and is currently achieving, an interest payment of 7.5% per annum.

The project has raised £1.2m so far and is currently seeking an additional £400k. Each individual or organisation can invest up to £20,000

The prospectus is attached. David Vincent, CEO of the project and Ethical Investments Ltd, is happy to speak to any potential investor meetings.

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