Green for Growth Fund starts co-operation with Microinvest in Moldova
At the end of October, the Green for Growth Fund (GGF) signed a loan agreement of €15 million equivalent in local currency with Microinvest, the largest non-banking credit organisation in Moldova.
The loan facility will allow Microinvest to expand its green lending portfolio by providing dedicated financing to businesses and households investing in sustainable practices and energy-efficient solutions, boosting their resilience and energy independence.
The partnership with GGF is estimated to contribute to annual primary energy savings equivalent to the annual energy requirements of 1,038 Moldovan households.
The Green for Growth Fund, initiated as a public-private partnership by the European Investment Bank and Germany’s KfW Development Bank, with financial support from the EU and other partners, promotes energy efficiency and renewable energy in Southeast Europe, the Caucasus, the Middle East, and North Africa. By providing refinancing to local financial institutions, GGF helps businesses and households access sustainable energy solutions, fostering energy efficiency and reducing carbon emissions.
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