Moldova
Funding granted
Loan of €1.2 M *
(equivalent in local currency)
Foundation partner
since 2020
*Outstanding amount at grant value
Partner website
Context:
In Moldova, the population is still relatively rural, with 54% of the population living in urban areas and 22% in the capital. Agriculture employs around 26.4% of the working age population and generates 14.6% of the GDP (36% if the entire agro-food sector is included).
The institution:
OCN Microinvest SRL (Microinvest) provides microloans and business start-up assistance to small entrepreneurs in many regions of the Republic of Moldova. 70% of loan portfolio represent loans to private entrepreneurs living in both rural and rural areas, in this landlocked country between Ukraine and Romania. In terms of loan portfolio volume, it is the leader of non-bank credit market and number 6 in banks ranking in Moldova.
Impact:
Microinvest’s financial products are small business loans, loans for purchasing home appliances and other goods through partner shops, loans for purchasing vehicals, as well as home improvement loans. Thanks to Microinvest’s financial services, borrowers can create or perpetuate their business and thus improve their living conditions.
