Short description of the overall project

The Green for Growth Fund (GGF) has provided a 1.5 million senior loan to MCF Sunrise Sarajevo (MCF Sunrise) in Bosnia and Herzegovina. This is the fund’s second partner in the Bosnian microfinance sector and through MCF Sunrise’s expanding network extends the GGF’s outreach to new regions for investments in the residential, agriculture and MSE sectors.

MCF Sunrise has a strong focus on low income entrepreneurs and micro and small businesses in urban and semi-urban areas of the country, offering the fund an opportunity to deepen its outreach in the microfinance sector. The loan will be used to finance a new energy efficiency loan product for MCF Sunrise’s clients through its 43 branches located throughout the country. Along with supporting MCF Sunrise’s growth in rural regions and ambitions to educate its clients on energy efficiency measures and benefits, planned internal capacity building and marketing supporting will be provided through the fund’s Technical Assistance Facility.