IBL Bank UNDP Green Loan works like this:
- The UNDP offers bank guarantees to beneficiaries applying for a loan under the NEEREA financing mechanism.
- The beneficiary applies to a NEEREA Loan at IBL BANK, submitting a technical and financial proposal.
- The risk collateral should not exceed 100,000USD and should not amount to more than 50% of the loan amount.
- The UNDP team decides to grant the loan on a case-by-case base.