LAPO Energy Loan (Solar)


Energy loans are granted to clients to assist in affordable solar energy power for homes and commercial use. The equipment or asset serves both commercial and private use. Examples of such equipment are small solar lamp to full home system with television and radio set all powered by solar energy

LAPO Microfinance Company proposed to provide Solar Lights to those households by replacing the kerosene lanterns with solar lighting devices. This will provide better illumination and kerosenesmokefree indoor environment thereby enhance productivity and quality village and, facilitate education of their children and improve lifestyle


  • Facility amount: Le 200,000 (minimum) to Le 20,000,000 (maximum)
  • Methodology: Individual and Group
  • Duration: 3 months to 1 year
  • Grace period: 2 weeks to 1 month

 

Benefits:

  • No collateral
  • Cleaner environment
  • Flexible repayment structure
  • Low interest rate