The Uganda Energy Credit Capitalization Company (UECCC) has partnered with various Participating Financial Institutions (PFIs) to implement a Solar Loan Programme that entails provision of concessional loans to households and businesses wishing to acquire solar systems.
This was revealed by the Director Transaction Execution of UECCC, Mr. Roy Nyamutale Baguma during a ceremony to officially commence market activations of the Solar Loan Product at Finance Trust Bank, Gomba district over the weekend.
“The aim of the Solar Loan Programme is to enable access to electricity in off grid areas through addressing the affordability barrier arising from the up-front cost of solar systems,” said Mr. Baguma.
Through the Programme, the PFIs will target individual customers, group customers, and salaried employees who wish to acquire solar systems for use in their homes and business premises.
The solar systems that can be acquired under this scheme include; Solar Home Systems that meet the basic domestic electricity needs and Commercial Systems that cater for electricity requirements of small scale enterprises in both urban and rural areas.
This initiative is being promoted through partnerships with Finance Trust Bank, Post Bank, Centenary Bank, Opportunity Bank and Pride Microfinance.
