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US$ 1 million worth of micro loans in local currency will be channelled to households in Kyrgyz Republic by First MicroCredit Company (FMCC).
The new loan is extended under the European Bank for Reconstruction’s (EBRD) Kyrgyz Sustainable Energy Financing Facility (KyrSEFF) and supported by funding from the European Union’s Investment Facility for Central Asia.
The microfinance institution, FMCC, will on-lend the loans to households which will finance investments for improvements such as the purchase and installation of energy-efficient windows and doors, thermal insulation of walls and roofs, installation of heat pumps and other measures which make homes more comfortable – as well as helping reduce energy and water costs.
Read the full story here.