Green-For-Access First Loss Facility (G4A)
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The Green-for-Access First Loss Facility (G4A) is a risk mitigation facility to encourage increased local currency financing of energy access projects by local financial institutions. G4A has a tiered fund structure, blending grant funds in the first loss tranche of the fund’s capital stack with private philanthropic and impact junior debt in the middle tranche, followed by senior loans from DFIs in the top tranches. G4A’s inaugural product is a physical cash deposit fund placed with local lenders to cover up to the first 20% of loss across a portfolio of energy access loans. Now in its pilot phase, G4A is planned as a USD 50M closed-end fund, which will leverage nearly USD 1B in energy access investment.
We have organized six pilot portfolios with partner FIs in Kenya, Malawi, Nigeria, Tanzania and Uganda. With support from the IKEA Foundation and CLASP, the first pilots will be launched in Nigeria and Uganda in 2023.
The G4A planning stage was supported with a grant from the Partnering for Green Growth and the Global Goals 2030 (P4G) program. In 2022, G4A was awarded the Keeling Curve Prize in the category of finance by the Global Warming Mitigation Project.
CONTACT: For more information about/any inquiries related to G4A, please contact the following members of our team:
- David Ekabouma, Managing Director, G4A Facility [dekabouma@greenmaxcap.com]
- Sunkanmi Olowo, Director, Business Development, G4A Facility [solowo@greenmaxcap.com]