GGF Partners with MI-BOSPO to Encourage Energy Efficiency in Bosnia and Herzegovina’s Microfinance Sector

Date: 
05 Jul 2018

The Green for Growth Fund (GGF) has provided a senior loan of EUR 1 million to MI-BOSPO to promote energy efficiency among microbusinesses and private households in Bosnia and Herzegovina.

MI-BOSPO is a microcredit institution committed to expanding green finance to otherwise underserved customers, and which promotes energy efficiency measures among these customers with a dedicated product line. The new financing provided by the GGF will be on-lent by MI-BOSPO for energy efficiency upgrades such as housing improvements and the purchase of new business equipment – measures which are projected to result in annual primary energy savings of approximately 3,700 MWh and CO2 emission reductions of approximately 1,400 metric tons.

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