GGF Grows Energy Efficiency in Montenegro With Additional EUR 1.5 Million Loan to Alter Modus

Date: 
02 Aug 2019

The Green for Growth Fund (GGF) has provided a senior loan of EUR 1.5 million to the microfinance institution Alter Modus. This transaction further broadens and diversifies the fund’s geographic and operational scope with financing for Montenegro’s growing energy efficiency (EE) market. The new investment will support the microfinance institution in further expanding its EE lending operations in a responsible manner.  

Alter Modus is the leading microfinance institution in Montenegro, serving more than 22,000 clients through a network of 15 branches covering all regions of the country.

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Country: 
Montenegro