MonSEFF was a US$25 million credit line facility from the EBRD to participating financial institutions in Mongolia for on-lending to small and medium sized businesses and corporates investing in energy efficiency and renewable energy projects, such as stand-alone small scale renewable energy projects,  commercial energy efficiency investments and building sector energy efficiency.

Overall, the facility’s investments in projects have contributed to saving more than 255,000 MWh of energy and more than 94,000 tonnes of CO2 emissions per year.

In total US$21 million worth of loans were provided by 2 partner financial institutions: XacBank and Khan bank.

Advisory services from experts were made available to borrowers and partner financial institutions and included energy assessments, training and marketing support. The advisory aims to support borrowers in selecting the best solutions and implementing their projects.

The advisory services were funded by the Shareholder Special Fund.

See borrower’s success stories in Mongolia.