Money arrivesyears afterthe work.
A project costs money years before a credit exists. Two of the three ways to move money early are planned for the operating company, once it is formed and a buyer prepays; the third, a finance layer at GIFT IFSC for foreign capital into projects, is in our future plans. Funders are corporate buyers who prepay, climate funds, development banks and lenders.
The years before a credit.
Flooded rice fields and a winding river in morning mist, trees along the bankThe 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.
A forward purchase for our own credits, and the farmer's advance from it, sit with the operating company when a buyer prepays. Foreign capital into other owners' projects is for the IFSC layer, a future plan.
Forward purchase, paid before issuance.
A buyer or a fund pays the project owner now against credits delivered when they are issued, straight into the funder's own account. 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 early. 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.
We run the company from GIFT City, in the Domestic Tariff Area. Once it is formed, it takes forward purchases for its own credits and pays the farmer's advance from them.
GIFT IFSC is where an Indian company can meet foreign capital under one regulator, and that is where this layer would sit, in future.
There is no vehicle, no permission and no product yet. The finance layer is part of our future plans.
