EBRD lends Bosnia's Mikrofin 2 mln euro to back green investments

Mikrofin will use the funds to provide loans to sub-borrowers for investments in renewable energy and energy-efficient technologies in the housing sector, the EBRD said in a press release.

The loan will be provided under the Western Balkans GEFF III - REPower Residential Programme.

After the successful completion of the investment, households can receive grants in the amount of up to 20% of the loan amount, financed by the European Union (EU) through the Western Balkans Investment Framework (WBIF). The programme is also supported by the governments of Japan, Austria and Switzerland through the High-Impact Partnership on Climate Action (HIPCA).

Banja Luka-based Mikrofin is the largest non-deposit microfinance institution in Bosnia. It is owned by the citizens' association Mikrofin.

($ = 0.919 euro)