Launched in April 2021, the credit line is the result of a partnership between the United Nations Industrial Development Organization (UNIDO), BCI Bank, and the Energy Fund (FUNAE) with funding from the Global Environment Facility (GEF) in the ambit of the Towards Sustainable Energy for All in Mozambique project.

The BCI Super credit line is budgeted at around 60 million meticais and, as stated by BCI Director Miguel Alves, " The credit line is in the form of a guarantee fund for risk mitigation, with the expectation of simplifying the terms and conditions required for adherence”.

This fund is the first of its kind in Mozambique allowing small and medium-sized enterprises, individual entrepreneurs, associations, cooperatives and NGOs to access funds with attractive conditions, including a fixed annual interest rate of 7.5 percent.

To date 5 PMEs namely; Tsangano Agrifarms, Frangos de Mahubo LDA, Sheine Water LDA, SuperKwick LDA, and Agropecuaria have accessed the the credit line for the implementation of renewable energy projects for productive uses.

Tsangano Agrifarms; is the process of installing a 6.0kW solar photovoltaic system to harness the sun's energy to pump water to irrigate crops, power agricultural machinery and equipment, provide light, heat, and ventilation to farm buildings, haylofts, pigsties, livestock and energy for cooling in the horticultural processing factory and freezing in the abattoir chamber.

Frangos de Mahubo LDA; became the 3rd entity to receive funding under the credit line. The funds have been successfully used for the installation of a 50kW solar photovoltaic system, with the possibility of expansion in the future.

Sheine Water LDA; secured a loan to install a solar system for the supply of drinking water to 100 customers in FAO/Nhumbane community, Marracuene district of Maputo province. the Shine Water solar powered water supply system expanded its reach to cover health centres, schools, construction brick laying sites, and subsistence horticultural gardens. According to community members, most residents of FAO/Nhumbane locality (90% women) depend on the income generated from the selling of vegetables and fruits produced from their subsistence gardens and reliable 24 hours per day water supply is necessary for increased productivity, and thus more income generation

SUPERKWICK LDA received funds through the BCI SUPER credit line to install a solar system capable of generating 2515W of power to enable the pumping of water for irrigation of macadamia, cashew, rice, bean crops farms covering an area of 10 ha in Macia- Bilene, Gaza province.

Cooperativa Agropecuária & Empreendimentos Rurais, Limitada became the 5th recipient of the credit line and will install an irrigation system powered by two (2) Future SF2 solar pumps to irrigate an area of 4 hectares of vegetables in the lower Nhandzihe River, located in the North of Zavala District, Inhambane. Located in rural Mozambique, almost 97% of the farmers in Zavala district do not have experience in solar powered irrigation systems and rely on rudimental methods for crop irrigation.“Acquisition of the SF2 solar pumps for irrigation will lead to increased productivity and therefore, attract the interest of other farmers in the region who are currently relying on traditional irrigation methods with low productivity capacity”- Alcidio Chinolane, Manager- Cooperativa Agropecuária & Empreendimentos Rurais, Limitada

The BCI SUPER Credit Line for financing renewable energy systems for productive uses was launched in April 2021. The fund is the first of its kind in Mozambique allowing Small and Medium Enterprises, Individual Entrepreneurs, Associations, Cooperatives, NGOs to access funds with attractive conditions, including a fixed annual interest rate of 7.5%.

Entities interested in benefiting from this funding can express their interest through the project website www.tse4allm.org.mz

Fill the form HERE to express your interest