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28 Sep 2023
MCB Group posts profits of Rs 14,1 billion

In spite of the constantly shifting and volatile landscape, the Group’s profits attributable to ordinary shareholders have demonstrated remarkable resilience and growth, increasing by 46.7% to Rs 14,133 million, largely underpinned by our international....

25 Sep 2023
MCB Consulting hosts second Club des Dirigeants conference in Mauritius
23 Aug 2023
MCB Rodrigues Scholarship 2023: Hats off to five Scholars
11 Aug 2023
InterTen Cup: The Legend team strikes 3!
11 Aug 2023
Twelve youngsters of the MCB Football Academy Elite got graduated!
03 Aug 2023
Gyan Digumber, 34th MCB Foundation scholar
26 Jul 2023
MCB leads financing structuring for Nouvelle Mici Embaci acquisition in Ivory Coast
14 Jul 2023
Euromoney Awards for Excellence: 10 in a row!
12 Jul 2023
Deba Klima: Forest Side SSS (Girls) wins the 1st edition!
30 Jun 2023
Pay+, payments simplified!
16 Jun 2023
Deba Klima: When students set the tone!
12 Jun 2023
Science Quest 2023: And the winners are…
07 Jun 2023
Successful closing of $500M Syndicated Term Loan Facility
01 Jun 2023
MCB Microfinance: Important communiqué
17 May 2023
MCB Group posts profits of Rs 10,8 billion
27 Apr 2023
Klima week: time to act!
20 Apr 2023
MCB launches its inaugural USD 300 million notes issuance on the London Stock Exchange
17 Apr 2023
ICONEBENE 1: Back to the future (of building)
14 Apr 2023
MCB and CIEL Textile launch the Sustainable Supply Chain Finance
13 Apr 2023
30th anniversary of the OHADA Treaty: Time for assessment
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Gilles Martial

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MCB launches its Sustainable Loan

Feb 24, 2023, 05:00 AM by User Not Found

Since its creation, almost 185 years ago, MCB has always contributed to the development of Mauritius, by supporting entrepreneurship and innovation. Buoyed by its rich history and awareness of the environmental and social issues of Mauritius, MCB aims at becoming a major player in the movement towards a more sustainable economy in the country and in the region.

MCB has strengthened its sustainable financing offer, while backing this transition and contributing to the country’s resilience in the face of climate change. With its Sustainable Loan offer, MCB customers are provided with solutions that contribute towards a lower carbon economy.
 
MCB has launched its new Sustainable Loan on 23 February. This loan offer, intended for large companies as well as local SMEs, aims to inspire them and support them financially in their transition to a low carbon business model, and focus more on the environment.
 
MCB’s Sustainable Loan is accompanied by advantageous conditions for eligible companies. The preferential rate amounts to the Prime Lending Rate -1 % (the PLR is currently 6.75 %). The loan also includes a flexible financing structure, a repayment period of up to 15 years, as well as tailor-made support.
 
Several categories of projects are eligible by this new type of financing:
- The energy transition, in particular, the production of electricity from renewable sources or the purchase of less energy-consuming equipment and low carbon technologies
- Prevention and control of pollution, in particular, control of emissions, waste management, or circular economy
- Responsible management of living natural resources and land use, in particular, intelligent agriculture, aquaculture and reforestation
- LEED, Edge or Breeam-certified green buildings, among others, or according to these criteria
- Infrastructure to promote the use of electric or hybrid vehicles, as well as business encouragement programs
- Infrastructure, adequate IT programs and equipment to better inform the population about potential climatic risks
- The sustainable management of water and wastewater for the purposes of conservation and reuse, in particular the treatment of wastewater, as well as the collection of rainwater
- Eco-effective and/or circular economy products including production, technology and processes. This includes local environmentally friendly products.

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