The EBRD organized a financial package of USD 2 million loan, co-financed by the GCF, under the GEFF project for Bank Arvand for on-lending to farmers and entrepreneurs investing in green technology solutions. This involved developing a series of capacity building trainings for the Bank Arvand. Trainings provided a comprehensive information on the project eligibility criteria and portfolio screening, green investment procedures and loan processing, target segments, sales and client acquisition techniques which will lead to the ability of the bank employees to identify the potential of savings in different spheres, advising clients on the possible measures, and providing further support with project assessment and implementation. Also, the Green Technology Selector (GTS) – a list of high-performing technologies and materials that have been assessed and pre-approved as eligible for GEFF financial support, was presented during the trainings.
Last but not least, during this Covid 19 pandemic, the GEFF team held an online training through the Zoom Platform for the Bank Arvand branch in the Gorno-Badakhshan Autonomous Region, a high-altitude area, which occupies almost half of the country’s territory and where the presence of financial institutions is limited.