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The affordable financing facility dubbed Equi Green loan with support from the Uganda Energy Credit Capitalization Company (UECCC) was launched on Wednesday with the goal of enabling poor and middle-income households to access clean energy for lighting, cooking, and practicing climate-smart agriculture. Equity customers buy improved cook stoves, solar lighting, biomass, irrigation, and water storage tanks through affordable, simplified loan products starting from as low as 200,000 Ugx payable in 6 or 12 months. The clean energy loan is available at all Equity Bank branches and a customer can pick up the product at the nearest Equi Green loan-appointed agent. Speaking at the Equi Green loan facility launch in Kiboga District, Specioza Kimera Ndagire, the Managing Director of UECCC said, “The aim of the Product is to enable Ugandans access electricity in off-grid areas by addressing the affordability barrier arising from the up-front cost of solar systems. This aligns with the National Development Plan (NDPIII) Sustainable Energy Program objectives of increasing access and utilization of electricity, increasing adoption and use of clean energy, and promoting utilization of energy efficient practices and technologies.”
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