In its first phase, the fund will provide approximately USD 5.3 million in loans to 1,200 smallholder farmers in Bahia and Pará, focusing exclusively on agroforestry-based operations that promote forest conservation and regeneration. By supporting these farmers, Violet is helping to boost sustainable cocoa production at a critical time for the global market, while strengthening livelihoods in Brazil’s rural communities.
Violet is a spin-off of Vert Capital, which, developed in partnership with VOX Capital, developed the Low Carbon Agriculture Transition Mechanism during the 2023 Lab cycle