All 290 field-families in Linko received their “carbon revenues” for the first time, according to the distribution key proposed by the cooperative committee and approved by the Cooperative’s General Assembly. It should be noted that this is virtual carbon income, as the project has not yet generated any carbon credits. The amount distributed to beneficiaries is drawn from the project’s pre-financing.
To ensure secure payment, the project offered each of the 290 members of the Linko CR Land Family Cooperative the opportunity to open a bank account with Crédit Rural de Guinée. The project financed the administrative costs of opening these accounts through the CRG’s Kérouané branch.
The payment process went smoothly despite some technical difficulties encountered by Crédit Rural de Guinée (delayed payment from the Central Bank to CRG and IT problems related to the software used to distribute funds to individual accounts).
The Crédit Rural de Guinée team has set up a mobile office in Linko to reduce the distance for beneficiaries.
The share allocated to the villages, as voted at the cooperative’s last general meeting, will be handed over to the authorities of each village very soon in order to promote public utility projects.
