FSMDB finances energy efficient homes via HELP

Conserving the environment, providing its constituents with energy-efficient and climate-friendly abodes, and achieving sustainable economic growth in the Federated States of Micronesia are the objectives of the FSM Development Bank (FSMDB) in developing its Home Energy Loan Program (HELP).

HELP is a loan scheme which aims to help FSM citizens and homeowners construct new homes or renovate existing homes with emphasis on energy efficiency, environment-friendly, cost savings and home comfort.

This program will ultimately contribute to the overall campaign of green environment efforts of the Bank as it promotes efficient energy uses in the household sector, encourages new type of green environment housing designs and construction, and reduces demand for electricity as well as reduces energy costs.  Ultimately, the program will benefit the whole FSM’s economic development efforts and the environment.

FSM DB’s HELP was a recipient of a Merit Award in the 2016 ADFIAP Outstanding Development Project under the Environmental Category.

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