Perhaps ELD should not be providing the finance for the investors in the forestry fund. On the one hand it is in their interest because they get the income each year for the management of the project, clearing etc. But I think they negate this with the risk of people defaulting on the loans that ELD provide.
Being that these forests are good projects because of their future harvests, ie sandalwood, maybe investors should just be buying what they can afford (without a loan). Very risky business playing both sides of this Elders, as we have seen great examples of what can happen in this credit crisis.
Ann: Finance for Forestry MIS Projects , page-7
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