The RLP is the first of the SIRF Fund’s disbursal mechanisms to be implemented. It is, therefore, overseen by the SIRF Fund’s governing bodies and administered by an interim secretariat. As such, the purpose of the RLP is to provide access to this concessional financing to improve the ability of vulnerable persons to adapt to climate change. This is done through the disbursement of small loans to traditionally high-risk and low-income groups, such as homeowners, small and medium enterprises (SMEs), and first responders. Loan payments are re-disbursed to maximize impact. The RLP offers concessional financing as well as discretionary loan forgiveness and payment flexibility to certain categories of borrowers for whom loan repayment, even at highly concessionary rates, may be difficult.