The German Development Bank (The KfW), is a German government-owned development bank. It finances and supports programmes and projects that mainly involve public sector players in developing countries and emerging economies – from their conception and execution to monitoring their success.
Their goal is to help their partner countries fight poverty, maintain peace, protect both the environment and shape globalisation in an appropriate way. To this end its largest subsidiary, KfW IPEX Bank GmbH, lends to many countries around the world.
In 2011, the KfW, together with South Africa’s Industrial Development Corporation (IDC), established the Green Energy Efficiency Fund, a R 500 million fund for energy-efficiency and renewable-energy projects. The GEEF supports projects that will provide significant energy savings and/or emissions reductions.
Companies in this arena can borrow R1 million to R50 million rand at two percentage points less than the prime lending rate. If your company has than 201 employees, revenue of less than R51 million or assets of less than R55 million, then you are eligible to eligible to apply.