What technology can be funded?
Funding will be provided for any project that qualifies the SICA requirements (Credit, Risk and ESG Compliance) and meets green technology project criteria under SICA Bond program. Evidences of proven business model and technology may be required to ensure that only viable projects will be funded
General Criteria
All products, equipment and systems which satisfy the following criteria:-
• Minimize degradation of environment;
• Zero or low green house gas emission;
• Safe for use and promotes healthy and improved environment for inhabitants;
• Conserve the use of energy and natural resources;
• and Promote the use of renewable energy resources.
Bond
• SICA bond is a medium term corporate bond duly authorized by banks and financial institutions.
• The proceeds from the subscription of SICA bonds are being invested into the sustainable projects and initiatives that are been qualified by our team.
Coupons
Coupons are fractions of the bond with a face value of $50 per coupon. These coupons can be used to part take in the project investment program and can be redeemed in any of the SICA ecosystem ventures and in any affiliated companies for products or service.
| SICA KPI's | UN SDG's | Weight-age to SICA Bond | |||
| Direct Employment | Goal 1 - 5 | 10% | |||
| Direct Employment | Goal 2 | 20% | |||
| Direct Employment | Goal 6 | 5% | |||
| Direct Employment | Goal 7 | 25% | |||
| Direct Employment | Goal 9 and 11 | 10% | |||
| Direct Employment | Goal 13 | 30% |