Enhancing Microcredit Foundation LIDER’s green lending portfolio, Bosnia and Herzegovina
Beneficiary Country:
Type and/or measure of energy efficiency in buildings:
Short description of the overall project
The Green for Growth Fund (GGF), an impact investment fund advised by Finance in Motion, has joined hands with the Microcredit Foundation LIDER to promote energy efficiency and use of small renewable energy equipment among households and farmers in Bosnia and Herzegovina through a loan of EUR 1 million. The loan, along with the complementary capacity building measures, is aimed at enhancing LIDER’s green lending portfolio while enabling it to develop energy-efficiency and renewable-energy lending as a separate product line.
LIDER boasts a significant loan portfolio in home improvement, agriculture and microenterprises, which shows great potential for promoting energy efficiency, especially in construction field and agricultural machinery. Free non-financial advisory services that LIDER offers to its customers are also a valuable channel for building awareness about energy efficiency and renewable energy.
Energy savings achieved / expected |
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Financial instruments used / use of current financial mechanisms | Loan portfolio in home improvement, agriculture and microenterprises. |