| Loan amount |
USD 30,000 equivalent in MD lei (for one owner companies);
USD 100,000 equivalents in MD lei (for companies with more than 2 owners)
|
Loan currency |
Moldavian lei, USD
|
Maturity |
Short term – up to 2 years (for working capital);
Medium term - up to 7 years;
Long term – up to 15 years (for perennial plantations)
|
Grace period for loan repayment |
Up to 3 years (for renewal / plantation of vines and orchards)
|
Annual interest rate |
Floatable, changeable semiannually
6,75% - for loans in MD lei
4,75% - for loans in USD
|
Grant element |
20 % - for medium term loans;
30% - for long term loans
|
Loan purpose |
Renewal/planting of vines and orchards;
Processing and packaging of agricultural production;
Production of livestock;
Production of seeds and seedling, growing of vegetables in greenhouses;
Cold storing and storekeeping of agricultural products;
Collecting and trading of perishable agricultural products;
Providing of mechanical services in agriculture;
Other agriculture related activities.
Note: Loans for the supplementation of the investment-related working capital will maximum of 25% of the total investment cost
|
| Purpose of loans will not be used to finance |
Debts refinancing;
Tax payment;
Acquisition or rent of land;
Construction pf houses;
Production of pesticides;
Production and / or sale of hard liquor;
Casinos, restaurants, pubs;
Sale, repair, pledge of jewelry;
Transport means and transportation.
|
Collateral |
Movable property or real estates accepted by the Bank
|
| Eligible borrowers |
Beneficiaries of this loan are economic entities included into the Development Plan of the rural locality where the respective economic entity runs its activity.
Eligibility criteria:
Potential beneficiary of the Program - max. 2 entities of one rural locality;
Total minimal sum of financed project in the locality - ≥ 50.000 USD (max. sum – 200.000 USD);
Own contribution – minim 20% of project cost.
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