Financial solutions for renewable energy technologies
💡 Loan Packages & Eligibility
-
Solar Home System (SHS):
Income: < N$7,000 — Loan: N$3,000 - N$20,000
Income: > N$7,000 — Loan: N$21,000 - N$60,000 -
Solar Solutions for SMEs (SS-SME):
Loan: N$21,000 – N$95,000 -
Photovoltaic Pumping (PVP):
Loan: Up to N$60,000 -
Solar Water Heater (SWH):
Loan: Up to N$35,000
📝 Loan Conditions
- Repayment period: Up to 5 years
- Interest: 0%–5% based on package and risk
- Deposit: 5%–30% depending on risk profile
- Admin Fee: N$350 (non-refundable)
- Monthly instalments via debit order or payroll deduction
- Insurance: Covers Acts of God; theft excluded (15% excess applies)
✅ Loan Benefits
- Improved access to renewable energy technologies
- Affordable financing for rural and urban households & businesses
- Flexible repayment plans and low interest rates
- Support for small enterprises and farming activities
📑 Application Checklist
Individuals
- Certified ID
- Latest stamped payslip
- 6 months bank statements
- Quotation from Energy Service Provider
- Income & Expenditure Statement
- Proof of land ownership
Businesses
- Company registration docs
- Certified IDs of directors
- 9 months bank statements
- Latest financial statement
- Founding Statement
- Business Plan
✅ Application Process
Submission of Application Form
- Recent certified copy of ID
- Latest stamped pay slip or proof of income
- 6 months bank statement (Individuals)
- Founding Statements and Financial Statements (Business)
- Proof of land ownership
Loan Application Outcome
Application is assessed, and if successful, clients will be notified in writing, telephonically, or via an Energy Service Provider to proceed with deposit payment and proof submission to MIME.
System Installation
The client should sign the installation report to confirm satisfaction with the system and installation. An inspection by the Ministry will verify installation within 12 months.
Repayment and Loan Defaulting
Loans must be repaid monthly via debit order or payroll deduction. A 5% interest is charged on overdue amounts, and the remaining balance after five years is due immediately.
Insurance
Insurance covers “Acts of God” (e.g., lightning, flood) with a 15% excess fee on claims. Theft is not covered, and failure to repay the loan terminates insurance benefits. Claim forms must be submitted within two months with a quotation and police statement.
Additional Notes
- In case of death, the remaining balance is waived, and the system is transferred to the deceased's family.
- A cancellation fee of 15% of the deposit is charged for loan cancellation.
- After-sales service and warranty are provided by Energy Service Providers, not the Ministry.