The Meloy Fund for Sustainable Community Fisheries is an impact investment fund that incentivizes the development and adoption of sustainable fisheries by making debt and equity investments in fishing-related enterprises that support the recovery of coastal fisheries in Indonesia and the Philippines.
In addition to providing a reasonable financial return, the Fund is projected to have a positive impact on the lives of 100,000 fisher household members, and place 1.2 million hectares of coastal habitats under improved management over its ten-year life. The Fund is a wholly-owned subsidiary of Rare, a global conservation organization that has empowered local communities in over 50 countries to shift from being resource users to environmental stewards.
OUR UNIQUE APPROACH
The Meloy Fund works hand-in-hand with Rare's global fisheries management program, Fish Forever, in a symbiotic system in which improved governance and the creation of a monetizable asset for local fishers (via exclusive access) enables new economic opportunities; this in turn encourages more sustainable long-term fisheries management and an increase in asset value.
How the Meloy fund creates value
To achieve sustainability in overfished environments, fishers must reduce fishing effort such that fish stocks may recover. To enable this transition, the Meloy Fund will employ two primary value creation strategies:
Investing in supply chain and production efficiencies, waste-reduction, aggregation, and value-added processing that either reduce costs or improve revenues for local fishermen.
Fishing Pressure Offset:
Investing in fishing-related activities, including ocean-based aquaculture, that can be tied to explicit reductions in fishing pressure, allowing recoveries of stock to take place.
In addition to the above, the Fund may pursue alternative strategies to financing fisheries recovery, including investing in ecotourism, green infrastructure, and climate-smart products, among others.