GGF Partners With Mikrofin to Boost Energy Efficiency in Households and Microenterprises in Bosnia and Herzegovina
Global, Bosnia and Herzegovina
The Green for Growth Fund (GGF), an impact investment fund advised by Finance in Motion, has partnered with Mikrofin to encourage energy efficiency measures among households and small agri-businesses in Bosnia and Herzegovina. The impact of the EUR 2 million loan will be enhanced through capacity building measures, enabling Mikrofin to develop and market a dedicated energy-efficiency lending product.
Mikrofin is the leading microfinance institution in Bosnia and Herzegovina providing loans to households, small agricultural producers and micro-entrepreneurs through its widespread branch network. As a partner, Mikrofin fits well with GGF’s mission as its portfolio of home improvement and expansion loans has significant potential for promotion of energy efficiency measures like insulation of walls and roofs, replacement of windows and lighting, and upgrade of household appliances. Mikrofin’s agri-business clientele offers further opportunities for promoting upgrades of small agricultural equipment which is also an effective energy efficiency measure.