October 16, 2024
By Samuel Ogunsona
In a bid to promote sustainable energy solutions, CREDICORP, MOFI, and Pi-CNG have launched the CALM FUND (Credit Access for Light and Mobility Fund) via the Consumer Credit Scheme.
The CALM FUND aims to provide affordable financing options for individuals and businesses seeking to transition to cleaner energy sources, specifically Compressed Natural Gas (CNG) and solar energy.
According to the partners, the fund will enable consumers to access credit facilities at flexible rates, repayable over an extended period.
CREDICORP will provide the loans through Participating Financial Institutions, while Pi-CNG will offer CNG conversion services and MOFI will provide solar energy systems.
The initiative is designed to offer a lifeline to households and businesses struggling with high energy costs, providing a practical way to manage transportation and energy expenses.
Interested individuals and businesses can apply for the CALM FUND through a dedicated link.
The launch of CALM FUND is expected to contribute significantly to Nigeria’s transition to a low-carbon economy, promoting sustainable development and reducing dependence on fossil fuels.
This move is seen as a vital step towards achieving Nigeria’s energy goals, making green energy accessible and affordable for all.
