Development of an Energy Efficiency/Renewable Energy Green Credit Product for the Finance Centre for Entrepreneurs of Tunisia

  • Client

    Développement International Desjardins (DID)

  • Year

    2021-2022

  • Region
    • Middle East and North Africa (MENA)
  • Service
    • Climate Finance Funds, Mechanisms and Products
  • Countries

    Tunisia

Under the auspices of its Establishment and Development of Finance Centers for Entrepreneurs in Africa and Latin America project financed by Global Affairs Canada, Développement international Desjardins (DID) wishes to support the Finance Center for Entrepreneurs of Tunisia (FCE-Tunisia) in developing a green credit line to benefit its entrepreneur clients. This product will enable FCE-Tunisia to propose potential finance products to clients to improve their energy efficiency and integrate renewable energy (RE). The establishment of this EE/RE product will serve to confirm the commitment of the FCE in reducing greenhouse gas (GHG) emissions and mitigating the effects of climate change.   In this context, DID-CFE solicited the services of Econoler to support FCE-Tunisia in the development of this green product under a pilot project.

Under this mandate, Econoler is carrying out the following tasks subdivided into three broad phases:1. Mission preparation phase and determination of needs

  • Analyze the FCE databases and target potential clients of the EE/RE green credit line;
  • Elaborate survey questionnaires to gather the energy needs of current FCE clients.

2. Preparation phase for the launch of the EE/RE green credit product

  • Assess the current situation and recommend a specific EE/RE product;
  • Describe the characteristics of the EE/RE finance product;
  • Identify EE/RE equipment suppliers to which the FCE will refer clients;
  • Develop an action plan for the implementation of the EE/RE finance product;
  • Establish an energy savings calculator for consumers;
  • Raise the awareness and build the capacity of credit officers involved.

3. Launch and monitoring phase of the EE/RE green product

  • Obtain approval on the EE/RE product from the Board of the FCE and integrate it into regular FCE credit processes;
  • Develop and implement a communication strategy to assist in the EE/RE product launch;
  • Monitor product implementation.

 By the end of this mandate and with the assistance of Econoler, the FCE will have developed and implemented an EE/RE green finance product that responds to the needs of clients and will have acquired the internal capacity necessary to develop green products.