TAQATI Green Energy Loan

The “Green Energy” loan allows homeowners and entrepreneurs operating across all sectors to finance and install renewable energy systems (e.g. photovoltaic cells, solar heaters) and energy-efficient electrical appliances, such as refrigerators and air conditioners. By financing these kinds of energy-saving investments, we aim to help beneficiaries reduce their energy costs in a way that will positively contribute to their long-term financial stability and sustainability of their businesses.

Background

Amal’s Success Story

I started a coffee kiosk project for my sons to raise their incomes; we bought an electric heater and two fridges but then the electricity bill increased, and we couldn’t afford it. My neighbor advised me to get a loan from MFW to install a solar energy system to help us generate electricity,

and I’m grateful that I took her advice, because ever since then I never bothered with electricity bills. After all, I started generating electricity not only for my kiosk but also for my house, saving a bill worth 200 JODs monthly! My dream now is to expand my project by adding to the kiosk sitting area, and hopefully, with MFW’s loans I’ll be able to do so.”

TAQATI Green Energy Loan Partners

Loan Features

  • Loan amount: 250 JODs to 10,000 JODs
  • Loan term: 4 to 60 months
  • Monthly administrative expenses “interest”: 0.8% reducing interest rate
  • Yearly administrative expenses “interest”: 9.60% reducing interest rate
  • Other features:
    • Beneficiaries are eligible for the Afiyatuna Microinsurance Program
    • Subscription to the “Tatbiq Tibbi” service
    • Easy installments plan for purchase of energy-efficient devices with 0% interest rate in collaboration with Microfund for Women and its partners
    • 10% cashback on loan value
  • Company’s terms and conditions apply

Illustrative Example

Amount

620

JOD

Number of Months

15

Months

Interest

0.8%

–

Monthly Installment

46.3

JOD