Roza Satpanbetova lives in the city of Taraz and has had a butchery business in rented premises for over 10 years. Her regular customers are cafés and restaurants in the city. She heard about the possibility of purchasing energy-efficient equipment and receiving compensation in the amount of 10% of the equipment’s cost from her credit expert. Rosa becomes interested in this proposal, as she needs to upgrade her refrigeration equipment.
As a result, Rosa purchased a Dauscher freezer (model DCF-280Q) to store meet, and she becomes very satisfied with this purchase. In her opinion, the equipment is efficient and reliable as well as consumes less electricity compared to the class below analogs, and is also less harmful to the environment. The MFO “KMF” loan conditions are convenient: short term of the loan, compensation equal 10% of the total equipment cost. The credit expert of MFO «KMF» effectively supported her in finding the eligible equipment, helped to submit an application form correctly to get compensation.
To participate in the GEFF program (Green Economy Financing Facility) in Kazakhstan, it is necessary to:
The Green Technology Selector is an electronic catalogue of Kazakh and foreign technologies.
10% or 15% of the loan or investment in the energy efficient modernization can be compensated after successful verification. The compensation is calculated from the lower amount. The compensations are paid on a monthly basis, following applications which were successfully verified and confirmed in the previous month.
The compensation funds were provided by the Global Environment Facility (GEF). In addition, the Austrian Federal Ministry of Finance is funding the technical assistance services and the compilation of the Green Technology Selector through the GEFF.
The GEFF program is a part of the Green Economy Transition (GET) approach proposed by the EBRD. The EBRD has unveiled an ambitious plan to scale up even further its climate and environmental finance and to increase green financing to more than 50 per cent of its annual investment volume by 2025, with a special emphasis on the gender issues.
The GEFF program is working through a network of more than 155 financial institutions in 27 countries of the EBRD operation. The total amount of the EBRD investments under the GEFF Program has reached € 5 billion, benefiting 202,000 clients. The implemented projects led to reduction of CO2 emissions at the level of 9 million tons annually. The EBRD has implemented 276 projects and invested almost 8.6 billion EUR into the economy of the Republic of Kazakhstan.
Supported by:
