From crisis to growth: Estímulo’s deployment of catalytic capital in response to a climate emergency in Brazil
In 2024, the state of Rio Grande do Sul in Brazil underwent an unprecedented climate catastrophe with floods that paralyzed the state's economy and placed at risk the survival of thousands of SMEs. In such a crisis-context, the need for fast, flexible, and accessible financial help was of vital importance.
As an organization born to provide answers to the crisis of the COVID-19 pandemic, Estímulo used its expertise to design and launch the fund Estímulo Retomada RS. This case study analyzes how the organization used catalytic capital to structure an innovative financial solution, while mobilizing a diverse group of actors and adapting its model to unexpected circumstances to provide effective responses to the needs of the territory.
