Launched in April 2021, the credit line is the result of a partnership between UNIDO, BCI Bank, and the Energy Fund (FUNAE) with funding from Global Environment Facility (GEF) under the Towards Sustainable Energy for All in Mozambique project (TSE4ALLM).
The SUPER credit line is a fund of about 60 million meticals and, as BCI Director Miguel Alves said, "The credit line is in the form of a guarantee fund for risk mitigation, with the expectation of simplifying the terms and conditions necessary for accession"
to date 5 SMEs in particular; Tsangano Agrifarms, Mahubo Chickens LDA, Sheine Water LDA, SuperKwick LDA, and Cooprative Agricultural and Rural Enterprises Lda have accessed the credit line for the implementation of renewable energy projects for productive uses.
The BCI SUPER Credit Line for financing renewable energy systems for productive uses is the first of its kind in Mozambique allowing small and medium-sized enterprises, individual entrepreneurs, associations, cooperatives, NGOs to have access to funds with attractive conditions, including a fixed annual interest rate of 7.5%.
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