| Loan amount |
Equivalent in MD lei:
USD 50,000 for Sub-component II (А)
USD 100,000 for Sub-component II (С)
|
Credit terms |
Up to 5 years or 8 years for perennial plantations in sub-component II (A)
Up to 7 years in sub-component II (C)
|
Grace period for loan repayment |
From 2 to 4 years (4 years for perennial plantations)
|
Annual interest rate |
Floating, changeable semiannually
6,75% - for loans in MD lei
4,75% - for loans in USD
|
Loan purpose |
For sub-component II (А):
planting / maintaining of vines and orchards;
seedling production and planting of vine / horticultural products;
construction / restoration of greenhouses / irrigation systems for development of horticultural products;
storing and packaging of horticultural products;
providing of mechanical services in agriculture.
For sub-component II (С):
cold storing and storekeeping of horticultural products;
processing horticultural products;
packaging / transportation of horticultural products;
construction / renewal of store facilities for horticultural products.
|
| Non-eligible activities |
refinancing of the existing debts;
payment of taxes;
acquisition or lease of land;
planting /maintaining vineyards (technical sorts);
acquisition of pesticides;
production / processing grains, meat and milk;
development cattle and fish breeding, beekeeping.
|
Collateral |
Movable property or real estates accepted by the Bank.
|
| Eligible borrowers |
The enterprises registered under the laws of the Republic of Moldova, and authorized to run business;
The enterprises which maintain accounting, reporting in accordance with standard financial reporting;
The enterprises which invest not less than 20 % own money or material means from a total cost of the project;
The enterprises which correspond to legislation in force and standards about protection of environment and to principles of environment influence estimation.
|
