Building the resilience of communities on nature’s frontlines

Small-scale fishers and smallholder farmers around the world live adjacent to a wealth of natural resources. But living in rural and remote communities is a barrier to benefitting from the value of the resources. These communities lack access to formal financial services like bank accounts, formal debt, or insurance, while financial service providers and global development organizations often lack mechanisms to effectively deliver resources to these communities.

Where traditional financial systems and strategies fail, innovative finance bridges the gap. Rare’s Innovative Finance program connects rural and remote communities on nature’s frontlines to the formal financial sector, helping them build resilience to both financial shocks and the consequences of climate change. By breaking down barriers separating communities and the formal economy, Rare helps build financial resilience and reduces pressure on nature.

Explore the elements of Innovative Finance at Rare


Connecting communities to the formal economy

The formal economy consists of legally recognized entities with access to traditional financial services like savings accounts, insurance, and affordable financial loans. Most small-scale fishing and farming communities are rural and remote, far from banks and other financial institutions and the benefits of formal financial services. This leaves fishers, farmers, and other rural residents financially vulnerable to the impacts of emergencies, pandemics, or the impacts of climate change. In this Rare Quotes, Rare VP of Innovative Finance Kate Schweigart discusses Rare’s approach to connecting communities to the formal economy.


De-risking investment in coastal communities & ecosystems

Rare launched the world’s first Small Scale Fisheries Impact Bond to channel private and philanthropic capital toward the revitalization and sustainable management of coastal communities and ecosystems. The Bond’s pilot will establish five new areas of ocean to be sustainably co-managed by local communities Southeast Sulawesi, Indonesia.

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Building sustainable economies

Rare designs and deploys different insurance products to help cover local communities from the financial fallout of climate change. Whether it’s traditional indemnity insurance or innovative parametric insurance, Rare works with financial institutions, insurance providers, and communities to meet the needs of fisher households and small and micro fish-related enterprises.

Download the Microinsurance 2-pager

Advancing nature-based solutions

Rare’s approach to blue carbon stems from its commitment to support local communities in sustainably managing and maintaining their natural resources. With a rights-based approach to community resources, our practitioners and field experts help small-scale fishers and smallholder farmers improve practices for fisheries management plans.

Download the Blue Carbon at Rare resource

Featured content

Rare Conversations with Bruce McNamer
The Insurer: Building Resilience in Asia
Seafood Source: Rare unveils new impact bond for small-scale fishers


Our Innovative Finance program partners

The following is a sampling of Innovative Finance’s donors and partners (past and present).


Rare's Innovative Finance program partner logos.


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A Fisher pulling his boat to shore in Mozambique.