Project follow-up

The recipient of the loan has an obligation to present a project status report every six months. Read more about reporting

The loan is disbursed against realized feasibility study costs. A disbursement can only be made once Nopef has received a status report that covers the time period when the summarized costs on the cost accounting form incurred.
Read more about disbursment

Loans granted by Nopef will be closed when the final project report has been approved by Nopef. On completion of the feasibility study the Nopef Credit Committee or Board decides and on whether the loan shall be repaid or converted into a grant. Read more about remission and repayment