With renewable energy expanding throughout Namibia, the country will launch a Green Soft Loans financing program thanks to the SME Bank and the Environmental Investment Fund of Namibia.
The loan could help upwards of 2,000 Namibian homes gain access to financing for renewable energy technologies. The fund will provide loans that support environmental sustainability as well as promoting socio-economic development in Namibia. Under the terms, the loan will allow customers to gain access to about $10,400 in financing, repayable in a maximum of five years at an interest rate of up to prime minus 4.25%.
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