EBRD lends 5 mln euro to Bosnia's MKF Partner to back energy efficiency measures

Source: European Parliament

SARAJEVO (Bosnia and Herzegovina), April 2 (SeeNews) – The European Bank for Reconstruction and Development approved a 10 million marka ($6.3 million/5.1 million euro) loan to Bosnia's microfinance organisation MKF Partner to support energy efficiency measures in the residential sector, MKF Partner said.

The loan has been made available under the EBRD's 85 million euro Green Economy Financing Facility for the Western Balkans, MKF Partner said in a statement on Friday.

The funds from this loan will be on-lent to individuals, residents' associations, suppliers of green energy and others to finance energy efficiency measures such as: thermal insulation of buildings, replacement of windows and doors, purchase of pellet and biomass boilers, solar collectors, heat pumps, economical lighting and more.

MKF Partner is an active lender to micro and small enterprises in Bosnia.

The EBRD has invested more than 2.1 billion euro in more than 150 projects in Bosnia and Herzegovina since it began operating in the country.

(1 euro=1.95583 marka)

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