The project objectives are twofold: (i) preserving biodiversity of a megadiverse are in Colombia's Amazon Region; and (ii) enabling local indigenous communities to implement their livelihood plans and strengthen their territorial governance capacity. The project area belongs to the Monochoa Indigenous Reservation (Resguardo Indigena Monochoa), a collective property area inhabited by the Uitoto and Muinane peoples. Illegal and informal mining, illegal crops, land speculation, and the expansion of the agriculture frontier are the main deforestation and biodiversity loss drivers in the geographical area along Caqueta River. Caqueta River, which crosses the Amazon region of Colombia to continue to Brazil as Japurá, is one of the main fluvial arteries of Colombia. There are various threatened and endemic species, and High Conservation Values also includes strategic ecosystems, and the local culture and tradition. The project area covers various landscape units along the Caqueta River, from the Sainí river, crossing the Paujil Creek area to the Tirivita settlements.

Biodiversity credits will result from biodiversity net gains, measured through over 15 indicators combining dimensions such as number of species, number of specimens, species abundance, dominance, similarity and richness; number of threatened species; high conservation values; connectivity and fragmentation of landscapes, and distribution of species at the landscape level. Classification of landscape units, the presence of researchers and specialists, and interaction with traditional knowledge from the communities help better identify monitoring sites and techniques. A combined teams of experts and local communities, using technologies and state of the art equipment, have already created a biodiversity inventory, structured to produce all required biodiversity indices.

Biodiversity credit proceeds will be used to finance periodical biodiversity monitoring (wet and dry seasons), maintenance and updating of registries, and to produce and disseminate information. Also, project revenues will finance activities and investments to provide basic services such as health, education, transport, communications, housing, water and sanitation, as well as traditional productive activities to secure food and nutrition. Traditional authorities assemble all members of community to determine and periodically revise investment priorities according to the most urgent social and community needs.