| Loan amount |
a) USD 350,000 equivalent in MD lei, USD or EUR (for small borrowers);
b) USD 3 million equivalent in MD lei, USD or EUR (for medium borrowers).
|
| Maturity |
a) up to 5 years – for investment projects;
b) 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 |
| Credit purpose |
a) investment projects (purchase of real estate, machinery etc.);
b) working capital requirements;
c) new projects or the modernization or expansion of existing businesses. |
| Purpose of credits will not be used to finance |
a) production and/or trade of arms or military equipment;
b) financial institutions;
c) insurance business;
d) production and/or sale of tobacco;
e) production and/or sale of hard liquor;
f) casinos;
g) activities listed on the Bank’s Environmental Exclusion List;
h) speculation in property;
i) speculation in currencies;
j) 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:
а) a) 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 or a maximum annual balance sheet total of EUR 5 million.
б) b) 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) or an annual balance sheet total of more than EUR 5 million (but not more than EUR 10 million).
|
| Other eligibility criteria |
a) Own contribution of SME borrowers - minimum 30% of the project cost;
b) Collateral cover 120% of loan amount.
|
