FIRST Solar Power

Financing for Renewable Energy Products, up to PKR 150,000

In order to utilize the opportunities in the renewable energy sector, FMFB has developed financial products to support access to renewable and affordable alternate energy products, and to support economic and social needs of its target markets. Such an intervention is also in line with the social objectives of the institution and is expected to create a positive and measurable impact on the social well-being of the low income segments.

FMFB seeks to enable clients, not only in off-grid area, but also in areas with unreliable electrical supply, with a range of products from various technology partners. The products ranges from low cost solar product bundles to solar home solutions, up to a maximum loan amount of PKR 150,000.

Eligibility Criteria
  • Eligibility under FMFB’s Micro Pensioner Loans, LOSEL, or FIRST Roshan Mustaqbil Sarmaya
Renewable Product Categories There are two categories:

  • Category A: Renewable Energy Products available in FMFB Product Catalogue These Renewable Energy Product Bundles are available in selected branches by approved panel of vendors
  • Category B: Products available via the Local Dealer, which are not listed in the FMFB Product Catalogue. These products can be purchased from open market across bank’s network.
Type of Credit
  • Short and Medium Term Finance
Purpose of Credit
  • Financing renewable energy products
Lending Methodology
  • Group Solidarity
  • Individual Basis
Loan Amount
  • Minimum: Pkr 20,000
  • Maximum: Pkr 150,000
Loan Tenor
  • Up to 36 months
Loan Repayment
  • Equal Installments
Collateral Options
  • Future Pension Payments
  • Future Salary Payments
  • Group Guarantee
  • Personal Guarantee
  • 3rd Party Personal Guarantee
  • Cash Near Cash – Against Deposits, National Saving Certificates
Other Benefits
  • Credit Linked Life Insurance

FMFB Technology Partners:

Download Catalogue