Green credit line for SME private sector borrowers to promote bankable Energy Efficient (EE) and or Renewable Energy (RE) projects.
Description
Barriers to investing in Energy Efficiency (EE) and climate adaptation projects exist at the level of local financial institutions, strategic investors, and project implementers, as well as in the legal/regulatory environment in Egypt. The Green Climate Fund (GCF) Green Economy Financing Facility (GEFF) Green SME Loan Facility addresses these market barriers in Egypt with as key counterpart the National Bank of Egypt (NBE). The EBRD and the GCF co-finance the GCF GEFF Egypt – Green SME Loan, operating a 100M USD facility in the form of a green credit line to a Participating Financial Institution (PFI) for on-lending to SME private sector borrowers for sustainable energy and resource efficiency investments and bankable Energy Efficient (EE) and or Renewable Energy (RE) projects.
The objective of this Assignment is:
- to transfer strategic know-how and raise awareness about modern energy performance and environmental standards to contribute to the creation of a demand-driven, self-sustaining market for investments in high performance technologies and services supporting a green economy.
The specific objective is:
- to support the effective implementation of the GCF GEFF Egypt Green SME Loan, resulting in a portfolio of eligible Sub-projects. The project’s approach is also The project’s approach is also gender sensitive, with an integrated gender and social inclusion action plan.
Services
Marketing & Project Origination | Marketing and Awareness Raising Activities
- Preparing a marketing strategy and marketing plan for the Facility
- Promoting the Facility through marketing and awareness-raising activities closely, including preparing, updating and disseminating marketing materials that outline the structure of the Facility, organising workshops, regional seminars and other promotional events.
- Developing a Marketing Communication Tool Kit to support PFIs with their marketing initiatives | Developing and regularly updating NBE website to ensure that up-to-date information is available on the eligibility criteria (Beneficiaries and Sub-projects), benefits, procedures, list of PFI contacts, performance of the facility, etc.
- Maintain NBE’s online promotional material on social media platforms.
- Strategic networking for local ministries, business associations and relevant NGOs.
Training & Capacity Building
- Providing guidance and appropriate face-to-face training sessions and materials for the PFI staff to ensure dissemination of the Facility procedures to the branch network.
- Working closely with the PFI, for conducting regular capacity building activities and trainings of loan officers of the PFI in order to keep them informed about the Facility.
- Providing loan officers with the relevant updates and procedures.
- Assisting loan officers with promoting the Facility and support Sub-borrowers to maximise number of Sub-loans.
- Conducting client meetings together with the PFI loan officers.
Product Development
- Analysing its PFI client base
- Customising tailored green financial products to address green economy investments in the long-term.
- Contributing to the structuring of vendor-finance schemes to support uptake of the Facility Sub-loan
Gender Action and Social Inclusion Plan
- Develop a Facility-specific Gender Action Plan that will outline specific gender mainstreaming activities as part of the Facility Provide technical support and carry out capacity building activities for PFIs and sub-borrowers
- Develop communications and educational materials and conduct meetings to reach out to target sector clients and build the demand-side among women entrepreneurs
- Identify barriers women entrepreneurs may face in accessing finance and potential policy dialogue activities that would be helpful in removing those barriers
- Deliver Progress and final report that will outline lessons learned regarding gender and climate finance
Sub-project Eligibility Determination
- Exploratory visits to several potential Sub-projects in co-operation with PFI branches.
- Developing a database regarding the implementation of sub-projects.