Kreda and the European Investment Fund to allocate up to €70 million for sustainable investments
Luxembourg, July 15 -- The Kreda credit union group, administered by the United Central Credit Union (UCCU), has signed a strategic cooperation agreement with the European Investment Fund (EIF) to provide loan guarantees that will support sustainable investment projects.The agreement with the EIF will make up to €70 million in financing available for new investment projects by individuals and small and medium-sized enterprises. These guarantees will cover financing of up to €8.25 million per single beneficiary.The financing will support a wide range of sustainable investment projects, including renewable energy, the installation of solar and wind power systems, the modernisation of heating systems, and the construction and renov...
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