New fund to help ease access to eco-friendly cooling appliances, systems

A new guarantee facility, dubbed ‘Coolease’, has been rolled out and will help businesses, institutions, and members of the public alike to access eco-friendly systems, which are generally expensive.

The financial scheme is managed under the Business Development Fund (BDF), which says it has hitherto mobilised some US$4 million in initial funding.

The development is seen as a major boost to the Rwanda Cooling Initiative, an effort by the Government to scale up adoption of energy saving and climate-friendly air conditioners and refrigerators.

The fund was launched Tuesday with officials expressing optimism it will help accelerate transition to an environmentally-friendly culture particularly by facilitating suppliers and consumers of air conditioning and refrigeration products without making full up-front payment. The same product will serve as collateral.

Full article: The New Times



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