EBRD provides €20 million loan to boost MSME finance in Moldova
Moldova Republic of, Jan. 27 -- The European Bank for Reconstruction and Development (EBRD) is providing a senior multi-currency loan of up to €20 million equivalent to NBFC Microinvest LLC, Moldova's largest non-bank lending institution. The financing will be used for on-lending to local private micro, small and medium enterprises (MSMEs), helping to strengthen Moldova's private sector and support economic growth.This investment is part of the Bank's Financial Intermediaries Framework (FIF) and aims to enable Microinvest to diversify its funding base, extend the duration of its liabilities, and expand MSME financing at a multiple of EBRD's contribution. The project will also promote regional outreach and acquisition of new clients, a...
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