Tamweely Creates Package of Green Financing Products
On July 26th Tamweely Microfinance, the Egyptian non-banking financial service provider, has created a package of green financing products which support eco-friendly projects.
The new device has been conceived to support the field of agriculture in rural areas, workshops and small factories in cities that depend on electricity for their operations.
CEO and Managing Director of Tamweely Ahmed Khorched said:
"The new financing product will focus on solar power projects that serve a variety of industrial and service activities.
"The products will finance solar power plants to supply energy to agricultural wells drilling projects and wean the sector off diesel which is a pollutant and has a higher cost".
The new financing product supports owners of workshops and small factories generate clean and affordable solar power to reduce production costs and boost their competitiveness in the market.