| Loan amount |
USD 350,000 equivalent in MD lei, USD or EUR (for small borrowers);
USD 3 million equivalent in MD lei, USD or EUR (for medium borrowers). |
Maturity |
up to 5 years – for investment projects;
up to 2 years – for working capital requirements.
|
Interest rate |
Similar to existing rates on the financial market of the Republic of Moldova.
|
Interest payments and repayment schemes |
Monthly or quarterly.
|
| Credit purpose |
investment projects (purchase of real estate, machinery etc.);
working capital requirements;
new projects or the modernization or expansion of existing businesses.
|
Purpose of credits will not be used to finance |
production and/or trade of arms or military equipment;
financial institutions;
insurance business;
production and/or sale of tobacco;
production and/or sale of hard liquor;
casinos;
activities listed on the Bank’s Environmental Exclusion List;
speculation in property;
speculation in currencies;
investments in securities of any kind.
|
Eligible borrowers |
Enterprises formed under the laws of the Republic of Moldova, registered and operated locally, having majority private sector ownership and control, as following:
small borrowers, including individuals registered as entrepreneurs must:
- have no more than 100 full-time employees (excluding small borrower’s business which need *labor intensive – it may employ more than 100 up to 249 employees);
*Labor intensive means physical work that can not be done automatically;
- have a maximum annual turnover of EUR 7 million and a maximum annual balance sheet total of EUR 5 million.
medium borrowers must:
- have more than 100 full-time employees up to 249 employees;
- have an annual turnover of more than EUR 7 million (but not more than EUR 14 million) and an annual balance sheet total of more than EUR 5 million (but not more than EUR 10 million).
|
Other eligibility criteria |
Own contribution of SME borrowers - minimum 30% of the project cost;
Collateral cover 120% of loan amount.
|
