BIO-GAS ENERGY LOANS
QUALIFYING CRITERIA
Individuals whether members of EBO SACCO or associate members (non shareholders but with accounts in any of the EBO branches) Individuals and Institutions that have fully opened accounts with EBO SACCO LTDPotential end users willing to use cash or loan to make the bio digester product purchases. Anyone who has the cow dung as the major raw material.
BENEFITS
Subsidized by the government of Uganda through UECCC. Competitive interest rate of 1.5% per month charged on declining balance per month. Free installation costs. Enough loan period. Repayment plan tailored to clients capacity to pay. Plastic biogas plant forms a security. Clients servicing other loan products can access it too simultaneously. No compulsory savings required. No transport costs to the site by EBO staff. Quick processing time of maximum 3 days The kit itself becomes a security
SUMMARY INFORMATION
Interest rate :
Method of interest : Calculation :
Monitoring fees :
Processing fees :
Loan protection : Fund/insurance :
Loan application fee :
Transport, installation and connection fees :
Shares :
Savings :
Minimum loan Amount :
Maximum loan amount
1.5% Per month
Reducing/declining
None
1% of the value of the bio-gas plant-loan
1% of the loan charged upfront
10000 Ugandan shillings
Free
5% of the loan
Any amount the client affords
10000000 Ugandan shillings
1000000 Ugandan shillings
WHY BIOGAS
- First, it’s an eco-friendly energy source produced from organic waste, reducing reliance on fossil fuels and cutting greenhouse gas emissions.
- Second, it’s cost-effective, as it utilizes locally available materials like animal dung.
- Third, biogas provides a reliable energy supply, especially in rural areas where electricity access is limited.
- Lastly, it promotes sustainable agriculture by recycling organic waste into valuable energy and fertilizer, contributing to both environmental and economic benefits for Ugandan communities.
