EEREWEF LOAN

BIFFL

OBJECTIVE OF THE EEREWEF LOAN

The EUR 50 million project funded by the Agence Française de Développement (AFD) and implemented by Bangladesh Infrastructure Finance Fund Limited (BIFFL) aims to support the Government of Bangladesh’s aim to reduce energy intensity by 20% within 2030. It is also aimed at bringing about equitable growth through support to women entrepreneurs.


FEATURES OF THE LOAN

AmountUp to BDT 100 crore
Interest Rate (Terms & Conditions Apply)Attractive concessional rate
TenureFlexible (greater than 3 years)
Grace PeriodFlexible

Criteria for Eligibility

CriteriaTechnicalOther
Energy Efficiency20% energy savingsEquipment only
Renewable EnergySolar, wind, hydro, bio etc.Equipment & other items
Women EntrepreneurshipWomen-owned

Steps to Apply for the Loan

Step1:
Contact BIFFL
An aspiring applicant may visit the EEREWEF Finance team at the BIFFL office to discuss initial eligibility for the loan.
Step2:
Fill out the Application Form
Once BIFFL officials confirm the potentiality the applicant will be handed over an application form and a checklist of required documents.
Step3:
Submit Application with Required Documents
Upon submission of the filled-in application form along with the required documents, the BIFFL officials will review the documents and visit the project site. The applicant may be requested to re-submit some documents if any changes need to be made.
Step4:
Review by BIFFL
Once BIFFL finds the project eligible for funding, BIFFL will forward the file to AFD for evaluation of technical eligibility.
Step5:
Review by AFD
BIFFL, upon receiving NOC from AFD, will perform financial evaluation and other due diligence through reviewing the submitted documents and other information as deemed necessary
Step6:
Approval of the Loan
Once BIFFL is satisfied with the project evaluation and upon confirmation of social and environmental compliance of the loan proposal submitted by the applicant, BIFFL management will approve the loan proposal and issue a sanction letter.
Step7:
Disbursement of the Loan
Upon acceptance of the sanction letter, loan documentation will be executed & disbursement of the loan will be made by BIFFL in favor of the applying company

CONTACT FORM