The leader in the microfinance market in Moldova and the sixth largest institution in the financial sector in terms of outstanding loans, Microinvest started its operations in 2003 at the initiative of the Soros Foundation. It targets Moldovan MSMEs, in particular in the agriculture sector, a target sector which accounts for 32% of its portfolio. Microinvest serves 38,270 borrowers and has a portfolio of EUR 108m. It deploys its products through a network of 15 branches and 66 loan officers. Microinvest is the only Moldovan financial institution to have obtained Smart Campaign certification in 2015, which was renewed in 2018.
The project involves a EUR 8m senior loan allocated to the Moldovan microfinance institution Microinvest to support the development of its loan portfolio. It is the first financing operation by Proparco, and generally AFD Group, for this counterparty.
This project should provide some 1,870 beneficiaries with access to microcredit and support 3,600 jobs and 130 SMEs.
The project will contribute to SDGs 1 (“No poverty”) and 8 (“Decent work and economic growth”).
This information is given at the time of signature, without prejudice to any developments in the operation/project
NewsInterviewPublished on 07 June 2022SignaturePublished on 24 May 2022
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