Bosnia and Herzegovina: GGF and LIDER Join Efforts to Promote Energy Efficiency and CO2 Emissions Reduction
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.