Friday, March 30, 2012

The DBJ launches Energy Loans for Householders | Development Bank of Jamaica

The DBJ launches Energy Loans for Householders | Development Bank of Jamaica: "The Development Bank of Jamaica (DBJ) has launched a new J$100 million Line of Credit allowing householders to access up to J$2 million to install renewable energy solutions such as solar water heaters, photovoltaic (PV)
panels, bio digesters, and wind turbines on their homes.

The loans, which become effective March 1, will have a single digit interest rate of 9.5% and repayment periods of up to five years. They will be channeled through the Bank’s Approved Financial Institutions (AFI) and Micro Finance Institutions (MFI) for on-lending to householders."

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