GVEP loan guarantees: Lessons learned from Uganda and best practices for the future
This report explains the lessons learned and recommendations from GVEP Uganda’s loan guarantee and microfinance program. This loan guarantee program supports energy entrepreneurs and the expansion of access to modern energy. Key challenges for potential lenders include lack of collateral, high interest rates, and misconception of the loan finance. Challenges for the financial institutions include misunderstanding the loan guarantee and the lack of proper due diligence for granting loans. These challenges and recommendations to overcome them are discussed.