Geo

Green Economy Financing Facility

Where finance and green technologies meet

Under the Green Economy Financing Facility (GEFF) program, ProCredit Bank offers new financing opportunities to SMEs that are planning investments in energy efficient, renewable electric power and environmentally friendly initiatives.

GEFF funding allows companies to purchase any modern technology available at Technology Selector, or to implement multi-component “green” projects and receive free technical assessment along with financial resources.

Advantages of GEFF financing:

  • Better energy performance through installation of high-performing energy efficient and renewable energy technologies
  • Reduced energy, water and resource consumption, and thus lower operation costs
  • Greater productivity and reliability of equipment
  • Improvements in product quality and company image
  • Increased profitability and competitiveness


What are the investment criteria?

  • Energy-efficient machinery that emits at least 20% fewer greenhouse gases or saves energy
  • Improve the energy efficiency of existing buildings by at least 20%
  • Environmentally friendly investments aimed at saving at least 20% of water or providing sustainable land management
  • Separate investments in renewable energy technologies

The GEFF Programme was developed by the European Bank for Reconstruction and Development (EBRD). The programme is supported by Green Climate Fund (GCF) and the Austrian Federal Ministry of Finance (BMF).

Note: Customers can get financing within the Green Economy Financing Program by signing a line of credit agreement, supplemental line of credit agreement, short-term loan agreement, supplemental short-term loan agreement, business overdraft agreement, supplemental business overdraft agreement, loan agreement and supplemental loan agreement. You can find agreement templates on the official website of the Bank.

Loans with standard repayment schedule

GEL

USD

EUR

Loan interest rate

Fixed, indexed (refinancing rate, LIBOR, EURIBOR)

Nominal interest rate

From 13.5%

From 6.40%

From 5.64%

Effective interest rate

From 15.30%

From 6.81%

From 6.01%

Effective interest rate in case of a 3% index increase in USD and EUR / 5% index increase in GEL

From 23.57%

From 10.04%

From 9.21%

Effective interest rate in case of 15% depreciation of the foreign currency

N/A

From 24.95%

From 23.99%

Loan disbursement fee

From 0.2%

Cash withdrawal fee

0.20%

0.30%

0.30%

Real property mortgage registration fee

GEL 83 per property

Real property mortgage cancellation fee

GEL 83 per property

Prepayment fee/refinancing fee on different bank loan

For fixed rate:

No more than 0% of the amount paid to cover the principal balance of the loan if there are 0 to 6 months left before the expiry of the agreement.

No more than 0.5% of the amount paid to cover the principal balance of the loan if there are 6 to 12 months left before the expiry of the agreement.

No more than 1% of the amount paid to cover the principal balance of the loan if there are 12 to 24 months left before the expiry of the agreement.

No more than 2% of the amount paid to cover the principal balance of the loan if there are more than 24 months left before the expiry of the agreement.

For indexed rate:

0% if less than 6 months are left before the loan expiry.

0.5% if more than 6 months are left before the loan expiry.

Invest in green goals!

Apply now! Fill out the application!

Do you have questions?

Contact us at 220 22 22.