| On February 24, 2005 the State Registration Chamber at the Information Department of the Republic of Moldova has registered the Interbank Guarantee Society "Garantinvest" LTD. The Society was created to promote assistance to a wider range of entrepreneurs with solid plans for business development, but lacking adequate collateral to qualify for a bank loan. Under the program the Society will guarantee up to 50 per cent of the bank loans not exceeding the equivalent of USD 10,000 received by such a borrower.
At the initial stage the Interbank Guarantee Society will be supported by the Great Britain Department for International Development (DFID).
Among other founders of the Society besides Eximbank are Victoriabank, Moldova-Agroindbank, Banca Sociala, Banca de Economii, Energbank, Mobiasbanca, the Rural Finance Corporation, financed by the World Bank and a public organization ProRuralInvest, financed by DFID.
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