Product Information - Green Credit - GEFF

Target:
Green Credit is a product designed by GEFF and offered to AFK clients who have stable wages or active business, with the aim of financing projects and/or project components, which have an effect on saving energy.

Purpose of the loan:
These loans are used in isolation works (the wrapping envelope of the facility), the purchase of equipment and machinery for businesses, insulation of the house, agricultural machinery, and the purchase of household appliances.

Loan amount: 50 to 25,000€
Return time: 2 to 60 months

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Who is eligible to be part of the program:
The following categories of borrowers are suitable for lending within this program.

Individuals who own or live in a house or apartment in which they plan to implement the appropriate investment
Groups of individuals, housing associations, associations of owners of multi-storey buildings or other equivalent bodies representing the interests of the inhabitants.
Service providers, such as Housing Management Companies and Energy Services Companies (ESCO) that provide maintenance, management, installation, construction, renovation or similar services under contractual agreements with individuals and residential associations.
Traders, who offer and/or sell suitable technologies registered with the Technology Selector.
Manufacturers who produce suitable technologies registered with the Technology Selector and plan to maintain or increase this part of their production.

What is acceptable?:
Funding under the GEFF programme for the Western Balkans is possible for the following measures that contribute to reducing energy consumption and CO2 emissions in the residential sector:

Ventilation
External doors
Double/triple glazed windows
Wall insulation
Insulation of floors
Heat pumps with electricity
Hot water tanks
Solar Photovoltaic System
Solar panels for warm water
Roof insulation
Efficient lighting
Home appliances
Efficient boilers with biomassTechnologies, equipment and materials that are part of a funding category are listed in the Technology Selector. All products listed in the Technology Selector are pre-approved and therefore qualify for funding under GEFF without any additional approval. Financing is possible for individuals who own or reside in a house or apartment in which they intend to implement the acceptable investment.

Terms of payment of grants
In order to be eligible for grants, borrowers must comply with the Project’s entity rules and provide evidence that subsidized technologies have been purchased and installed. Please see below a brief summary of the terms and visit the linked pages for more information. Once eligible borrowers install the eligible technologies, they can request verification and apply for grants through the Verification Management System.All rules regarding verification for grants are detailed in the Terms and Conditions of the European Bank for Reconstruction and Development (EBRD) Lending Programme for The Financing of The Green Economy (EBRD) for the payment of grants. The project may be deemed eligible for grants if:

Includes technologies, equipment and materials listed in the Technology Selector (“Pre-approved Technologies”) or those technologies, equipment and materials which the Project Consultant has determined acceptable during the entity assessment.
All technologies described in the submitted documents (mainly in receipts) are installed in the settlement marked in the Verification Request.
Technologies are installed in residential environments (house or apartment) that are not used and will not be used for business purposes.
No other subsidy/grant will not benefit and will not benefit (p.sh. incentive fee, subsidy of municipality/government, subsidy of another project etc.).
The technologies/products deployed are not duplicated in the same residential environment.
The loan received from financial partners in order to finance acceptable technologies/products is still being repealed at the moment of verification of the project.
The above are only the basic requirements under which the project’s entity for verification and grant payment is determined. Please read the full Terms and Conditions of the Green Economy Financing Credit Program (GEFF) to apply for the grant as they contain all applicable conditions.

Note: Household appliances (refrigerators, freezers and air conditioners) are not eligible for grants.

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Green loan

Product Information - Green Credit - GEFF

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