ENERGY LOAN PRODUCT

This is a Project Finance Loan targeting MSMEs and/or Co-operatives in energy with viable businesses. The Commission offers an affordable, competitive, and easily accessible product with a flexible repayment plan. The maximum loan amount offered is K3, 000,000.00 to MSMEs and Cooperatives for working capital and business expansion.

Note that the facility is also extended to green-field subprojects in the energy sector.

LOAN INTEREST AND TENOR

 The loan will attract twelve (12) percent interest per annum and the tenure shall be a maximum of Sixty (60) months.

PROPOSED SECURITY

Security for this facility will include; landed property, company stock, machinery/equipment, account receivables and debentures on assets to be purchased using CEEC loan.

ELIGIBILITY

Eligibility of beneficiaries shall be based on the following;

  • Zambian owned company start-up or operating a filling station or involved in the petroleum business with a viable business project
  • Beneficiary must be a Zambian Citizen with a Green National Registration Card
  • Must provide sufficient collateral to secure the loan being applied for.

TARGETED MSMES/COOPERATIVES

This Product will target the following citizens;

  1. Youths- 40% (Female and Male individuals between the ages of 18 to 35 years)
  2. Women- 40% (Females above 35 years)
  3. Persons with Disability- 5% (In line with Persons with Disabilities No. 6 of 2012 will include female and male youths, women and men)
  4. Men- 15% (Males above 35 years)

APPLICATION PROCESS

The Call for applications shall be open throughout the year and MSMEs/Cooperatives are encouraged to submit complete Project applications using the Online Portal.

AREAS OF INVESTMENT

IndustryPossible Projects
EnergyElectric Filling Stations, Petroleum Filling stations, Solar Energy, Manufacturing of Charcoal Briquettes, Blending of Ethanol with Petrol, biofuel etc.
Total Page Visits: 66 - Today Page Visits: 1