We seek to finance businesses which actively develop, manufacture and provide goods and services aimed at 'saving the planet', as well as those businesses that are 'doing the right thing' by implementing measures and/or technology which reduce their adverse impact on the environment.
The core objectives are to finance and support SMEs that:
- Support renewable energy technologies in South Africa;
- Reduce energy consumption and lower carbon emissions by improving energy efficiency;
- Promote energy savings that ensure long-term competitiveness;
- Contribute to job creation in the ‘green economy’.
As such, businesses that qualify for finance from the Green Fund include:
- Renewable energy providers (offering an alternative, clean and environment-friendly energy source);
- Energy or emissions savings product and service providers, including renewable energy projects that reduce or stop the need for electricity from the national grid;
- Projects which are eligible under specific Eskom programmes;
- Waste managers;
- Green building service and product providers;
- Businesses working to conserve natural resources;
- Businesses which protect ecosystems and biodiversity;
- Businesses producing healthier food sources.
There is no defined investment period, however, on average, the financing period is between 3 to 7 years. There should be clear indications of a proposed exit strategy within a reasonable time frame.
Minimum and maximum loan amount:
The fund considers first round funding up to a maximum of R10 million, with a focus on deals between R500 000 to R3 million.
Own contribution requirements:
The financial risk, business risk, industry risk and environmental risk of the business venture will influence the own contribution requirements.
Required documents for application:
Annual financial statements.
Up to date management accounts.
Cash flow forecast.
Approval by franchisor where applicable.
CV of entrepreneur/s.
Want to know more about our financing criteria? Click here for our investment FAQ.