Green Loan
MFLC Green Loan is designed to facilitate and support environmentally sustainable economic activity for both Individual and entities.
Purpose
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Purchasing of energy efficient household equipment, electric vehicles, eco-friendly paint
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Pollution prevention and control
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Environmentally sustainable management of living natural resources and land use
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Terrestrial and aquatic biodiversity conservation
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Eco-efficient and/or circular economy adapted products, production technologies and processes
Eligibility
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Age: Aged between 18 and 60 years
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Business Operation: 2 years in operation or can be considered based on owners strong business or income background
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Project should provide a clear environmental benefit
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Guarantor with stable income source shall be included in the facility (for individuals)
Key Features
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Finance Limit: Up to MVR2,000,000
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Collateral: Up to MVR250,000 not required, Above MVR250,000 property/vehicle
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Loan Tenure: Up to 60 months (05 years)
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Grace Period: n/a
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Equity: 20% of the cost of energy efficient equipment