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Investing in our environmental and cultural heritage

Positive Impact Products: The Green Loan

The Green Loan is a responsible product offered by MCB Ltd in partnership with Agence Française de Développement (AFD) under SUNREF, its green finance label. The Green Loan, currently in its third phase, consists of a EUR 45 million line of credit out of a national line of Rs 60 million.

What does it entail?

  • Preferential interest rates
  • An investment grant (cash-back) of:
    • 5% on climate change mitigation projects, such as renewable energy projects, energy efficient equipment and installations
    • 15% on climate change adaptation projects, such as water saving installations, rain water harvesting, seawater desalination, thermal insulation building techniques
    • Additional grants offered to clients committing to assess gender balance within their organisations and undertake a gender action plan, as well as gender equality-related investments.
  • Repayment period: min. four years
  • Financing of up to 100% of the investment, subject to the fulfilment of the eligibility criteria

 

Statistics on Green Loans exposures as at 30 June 2019

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