| Loan amount |
300,000 MDL
|
Loan currency |
Moldavian leu
|
Maturity |
Minimal 24 months - maximal 60 months
|
Annual interest rate |
11,8% floatable, changeable semiannually
|
Interest payments |
Monthly, no grace period |
| Commission |
0.5% only commission
|
Repayment schemes |
According to approved schedule
|
| Grant element |
40% of the loan amount, in terms of using the loan minimum 2 years
|
Loan purpose |
Financing of:
а) priority: production purposes (acquisition of equipment and tools used to develop the rural sector);
b) ulterior: services in rural sector.
In order to better identify the production purposes, use the system of statistical classificators of the Republic of Moldova, elaborated by National Bureau for Statistics of the Republic of Moldova, available on web page: http://www.statistica.md/class/.
|
Purpose of loans will not be used to finance |
a) Production and/or sale of tobacco;
b) Production and/or sale of pesticides;
c) Acquisition of land, real estate, securities;
d) Refinancing of debts;
e) Activities that may affect the environment.
|
Eligible borrowers |
a) Age of 18-30 inclusive, at the moment of credit contracting.
The age condition must be mandatory satisfied by all founders of the company.
b) Citizens of the Republic of Moldova;
c) Practicing entrepreneur activity in:
- any legal organizational form;
- rural sector (excluding Chisinau and Baltsy cities, including Chisinau and Baltsy municipality).
Eligible are considered the companies which are registered in Chisinau and Baltsy cities, but act outside of the city.
e) Having totally private equity capital;
f) No backlog of payments towards financial and non-financial (inclusive banks) institutions, or debts towards National state budget are allowed;
g) Not to be involved in process of insolvency, bankruptcy, reorganization or any other investigation in court.
|
Collateral |
Movable property or real estates, including those assets acquired in credit.
The collateral will be insured by the client.
|
