$10m line of credit to help SMMEs invest in energy efficient projects

Engineering News 1 November 2012.

The International Finance Corporation (IFC), the World Bank’s private-sector lending arm, is partnering with Sasfin Bank to develop a portfolio of energy efficiency and renewable-energy financial products for small, medium-sized and micro enterprises (SMMEs) in South Africa.

The partnership would see the formation of a new advisory services agreement, which would support a $10-million line of credit to expand lending to projects that would help smaller businesses become more energy efficient, sustainable and more competitive…

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